Teck Resources expects to close coal unit sale to Glencore by Q3, CEO says

Reuters

Thu, Feb 22, 2024, 3:42 PM

In this article:

TORONTO, Feb 22 (Reuters) - Canadian miner Teck Resources Ltd plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on Thursday.

Price also said that last year's Chinese restrictions on the export of rare earth metal gallium had been "positive" for the company due to improved pricing.

Teck is one of the largest producers of gallium outside of China.

(Reporting by Divya Rajagopal in Toronto; Editing by Ismail Shakil)

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Teck Resources expects to close coal unit sale to Glencore by Q3, CEO says

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