{"id":3934,"date":"2023-02-20T12:39:14","date_gmt":"2023-02-20T12:39:14","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=3934"},"modified":"2023-02-20T12:39:16","modified_gmt":"2023-02-20T12:39:16","slug":"teck-confirms-rumors-coal-spin-off-possible","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2023\/02\/20\/teck-confirms-rumors-coal-spin-off-possible\/","title":{"rendered":"Teck confirms rumors: coal spin-off possible"},"content":{"rendered":"

\"\"<\/p>\n\n\n

Canadian miner Teck Resources, after multiple reports of rumors, confirmed it is considering a spin-out of its steelmaking coal business.<\/p>\n\n\n\n

Officials said Feb. 14 the company is currently evaluating alternatives that could include a spin-out of interest to its shareholders.<\/p>\n\n\n\n

\u201cAny transaction would be expected to create value for Teck\u2019s shareholders and support continued benefits for communities and Indigenous Peoples in the areas where Teck operates,\u201d Teck said.<\/p><\/blockquote>\n\n\n\n

It added that no decision has been reached to proceed with a transaction; moreover, there is no guarantee any transaction will eventuate.<\/p>\n\n\n\n

\u201cTeck does not intend to make any additional comments regarding this matter unless and until a formal decision has been reached,\u201d the miner said.<\/p>\n\n\n\n

Teck, headquartered in Vancouver, also has major business units for copper and zinc. It divested its oil sand arm in October 2022, when it sold its Fort Hills asset stake to Suncor in a $1 billion deal. <\/p>\n\n\n\n

Source: teck.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Canadian miner Teck Resources, after multiple reports of rumors, confirmed it is considering a spin-out of its steelmaking coal business. Officials said Feb. 14 the company is currently evaluating alternatives that could include a spin-out of interest to its shareholders. \u201cAny transaction would be expected to create value for Teck\u2019s shareholders and support continued benefits for communities and Indigenous Peoples…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[1085,1742,244],"coauthors":[1644],"class_list":["post-3934","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-steelmaking","tag-suncor","tag-teck-resources"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t