Teck Resources Finalizes Major Coal Business Sale

Teck Resources (TSE:TECK.B) has released an update.

Teck Resources Limited has successfully completed the sale of its 77% stake in its steelmaking coal business to Glencore plc, with the transaction bringing in US$7.3 billion in cash proceeds. The deal underlines Teck’s ongoing commitment to responsible resource development and its focus on metals crucial for economic progression and the energy transition. Headquartered in Vancouver, Teck continues to prioritize value creation and stakeholder trust through its copper and zinc operations, as well as its leading copper project pipeline.

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