Teck Resources Ltd. is planning on selling the majority of its coal business to Glencore PLC, with two Asian steelmakers buying the remaining stake. Glencore will pay $6.9 billion for 77% of Teck's coal business , while Japan's Nippon Steel will pay $1.
7 billion and South Korea's POSCO will swap its interests in two coal operations for 3% of the business.
Source: News Formal (newsformal.com)
Teck Resources Coal Business Glencore Nippon Steel POSCO
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