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Teck Resources Completes $7.3 Billion Sale of Majority Stake in Steelmaking Coal Business
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Teck Resources Completes $7.3 Billion Sale of Majority Stake in Steelmaking Coal Business
Jul 11, 2024 11:22 AM

01:59 PM EDT, 07/11/2024 (MT Newswires) -- Teck Resources ( TECK ) said Thursday it has completed the sale of its remaining 77% stake in Elk Valley Resources steelmaking coal business to Glencore, a Swiss mining and metals producer publicly traded on the London Stock Exchange.

Teck said it received $7.3 billion in cash from the sale.

Price: 49.60, Change: -0.07, Percent Change: -0.14

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