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Copper Deals Energy Transition Mining

Energy Transition news

February 21, 2023#Copper #Deals #Energy Transition

Teck Resources spins off steelmaking coal unit to focus on energy transition metals, takes new name

by Staff Writer

Canadian diversified miner Teck Resources announced on Tuesday it would spin off its steelmaking coal business into a new company, called Elk Valley Resources (EVR), to focus on energy transition metals. The remaining business will take a new name, Teck Metals, and retain steelmaking coal cash flows for the transition period. The deal will be structured as EVR’s spin-off. Teck...

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