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Published 1 year ago

Teck Resources to split company, spin off steelmaking coal business

Summary by Ground News
Teck Metals Corp. and Elk Valley Resources Ltd. to be split. Teck shareholders will receive 0.1 of a common share in Elk Valley for each Teck share they hold plus 39 cents in cash per share. In exchange for the coal assets, Elk Valley will make quarterly payments to Teck.

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