{"id":5465,"date":"2023-08-30T13:39:39","date_gmt":"2023-08-30T13:39:39","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=5465"},"modified":"2023-08-30T14:01:55","modified_gmt":"2023-08-30T14:01:55","slug":"jsw-steel-eyes-stake-in-tecks-coal-unit","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2023\/08\/30\/jsw-steel-eyes-stake-in-tecks-coal-unit\/","title":{"rendered":"JSW Steel eyes stake in Teck\u2019s coal unit"},"content":{"rendered":"

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

India\u2019s biggest steel producer JSW Steel intends to bid for a 20-40% stake in Elk Valley Resources Ltd., the metallurgical coal unit of Canadian-based Teck Resources, reported Bloomberg News<\/em>.<\/p>\n\n\n\n

Chairman Sajjan Jindal said JSW, along with some Japanese and South Korean mills, could offer a combined $8 billion for a stake in the asset. <\/p>\n\n\n\n

He told Bloomberg<\/em> that Teck produced a higher quality metallurgical coal than what is available in India and said the unit “could be a very strategic fit for us, therefore we are taking a significant stake.\u201d<\/p>\n\n\n\n

Teck is the world\u2019s second-largest seaborne exporter of steelmaking coal, with four operations in Western Canada and significant high-quality steelmaking coal reserves. <\/p>\n\n\n\n

Source: <\/em>Reuters<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

India\u2019s biggest steel producer JSW Steel intends to bid for a 20-40% stake in Elk Valley Resources Ltd., the metallurgical coal unit of Canadian-based Teck Resources, reported Bloomberg News. Chairman Sajjan Jindal said JSW, along with some Japanese and South Korean mills, could offer a combined $8 billion for a stake in the asset.  He told Bloomberg that Teck produced…<\/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":[2265,527,1973,244],"coauthors":[1644],"class_list":["post-5465","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-jsw-steel","tag-metallurgical-coal","tag-steelmaking-coal","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