Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A T.TECK.A

Alternate Symbol(s): TECK | T.TECK.B | TCKRF

Metals & Mining Industrial Metals & Minerals

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek... see more

Add To Watchlist

TSX:TECK.A - Post Discussion

Teck Resources Ord Shs Class A > Teck exploring sale of some coal assets

View:

Post by jrj90620 on Feb 22, 2022 1:22pm

Teck exploring sale of some coal assets

Teck Resources (TECK +1.1%) is exploring the sale of a ~10% stake in its Canadian metallurgical coal business, approaching Arch Resources (ARCH -0.6%) among others, as it seeks to take advantage of surging coal prices, Bloomberg reports.

Teck's coal business could be valued at ~$8B, which could be pushed higher given rising demand for the commodity, according to the report.

The company produced more than 21M metric tons of met coal in 2020 from four locations in western Canada, accounting for 35% of its gross profit.

Bloomberg first reported in September that Teck was considering a sale or spinoff of its met coal business.

283