Teck Resources, Canada's biggest diversified miner, appears set to go all-in on 'green metals'

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Canada\u0027s biggest diversified miner Teck Resources Ltd. may be on the verge of announcing a spin\u002Doff of its coal operations. Find out more.

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In October, Teck sold its oilsands operations for $1 billion. A sale of the company’s coal assets would complete a transition from Canada’s largest diversified miner into a base metals miner focused on copper, a key ingredient in the electrification of the economy.Article content ” that it is evaluating plans to cleave its steelmaking coal operations into a separate business, but made no comment on the timing, nor would it make assurances that a sale would eventually happen.

“We have seen similar speculation before and, in our view, the spin-out is equally unlikely today,” Jackie Przybylowski, an analyst at BMO Capital Markets wrote on Feb. 16, adding a sale now would be “premature.”

 

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