• Hi, please login. Free Register Client Center
    Packages Subscription Shopping Cart
    Favorite
    Online Support
    APP

    Canadian miner Teck Resources abandons coal business

    sxcoal.com Company,  International 2024-01-05 13:50:47

    Canada's largest diversified miner Teck Resources has fully ditched coal after closing the sale of its minority stake in coking coal operations to Japan's Nippon Steel Corporation and South Korean steelmaker POSCO.

     

    Nippon Steel now has a 20% interest in Teck's coal business, known as Elk Valley Resources. In exchange, the Japanese firm gave up its prior 2.5% stake in one of Teck's coal operations and has paid $1.7 billion in cash.

     

    POSCO traded its interests in two of Teck's coal operations for a 3% stake in the overall coking coal business.

     

    The transactions are part of a deal with Glencore in November 2023, which will see the Swiss miner and commodities trader pay $6.9 billion for 77% of Elk Valley Resources.

     

    (Writing by Rebecca Liu  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

    Share this article
    Connect with us

    All rights reserved. No reproduction is allowed without written permission.

    Related Articles

    Editor's Pick

    1 Seaborne import thermal coal prices remain stable despite more inquiries 2024-01-05

    Prices of seaborne thermal coal in the Asia-pacific region remained range-bound on January 5 despite emerging demand from China, which seems not strong enough to drive up the market.A Guangdong-based

    2 China's coking coal prices fall further amid demand woe 2024-01-05

    China's coking coal price declines have made some coke producers more prudent in placing orders, resulting in lower online auctions settlement, which, in turn, added further downward pressure to the f

    3 Weekly global coal market news summary (Jan 2-Jan 5) 2024-01-05

    Review: Indonesia's Nov coal exports rise over 10% on yr to hit a new highIndonesia's coal exports declined compared to the previous month in November 2023, but still hit a new high for the same perio

    4 Weekly China coal market news summary (Jan 2-Jan 5) 2024-01-05

    China's coking coal market uneasy after 1st coke price cutSome Chinese coking coal miners fretted about further downward risk in their offer prices, in view of growing cautiousness in buying from down

    5 World's largest ethanol plant starts trial run in E China 2024-01-05

    The world's largest ethanol production facility started trial operations on December 28 at Chinese coal firm Huaibei Mining Group in eastern China's Anhui province, with annual capacity of 600,000 ton

    6 Indian state ports' Dec coal imports up 3.49% on yr 2024-01-05

    Coal imports through India's 12 state-run ports dropped significantly in December from the multi-year high in the previous month, but were still higher than the same period last year, official data sh

    7 Top 10 China coal market news in 2023 2024-01-05

    1. Coal mine collapse kills 53 in Inner MongoliaA total of 53 workers were confirmed dead after an opencast coal mine collapse occurred in Inner Mongolia on February 22.2. Zero coal import tariff exte

    8 India Apr-Dec coking coal imports up nearly 13% on yr 2024-01-05

    India's coking coal imports via all major state-owned ports was temporarily estimated at 48.825 million tonnes during the first nine months of the current fiscal (April 2023-March 2024), rising 12.97%

    9 US coal production estimated to fall to 3-yr low in wk ending Dec 30 2024-01-05

    The US's coal output over the week ending December 30 was estimated at 8.63 million short tons (7.83 million tonnes), down 23.77% week on week and 1.01% year on year, the lowest level since the start

    10 China's Jan thermal coal prices may hard to see significant rise, traders 2024-01-05

    China's portside thermal coal prices edged up recently, propelled by increased buying interest from some power plants with pressing needs and persistent declines in port stockpiles, but traders were c

    Most Read Articles

    1 India's CIL completes about 70% of production target in FY2023-24 2024-01-02

    Coal India Ltd. (CIL), India's largest state-run coal miner, reported its coal production rose 11.05% year on year to 531.9 million tonnes during April-December 2023, accounting for 68.2% of the produ

    2 China futures market updates at close (Jan 2) 2024-01-02

    Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

    3 Monthly: China Nov lump anthracite prices stable amid weak demand 2024-01-02

    China's lump anthracite market extended weakness in December, with prices keeping moving downwards amid dull trading atmosphere. The snowy weather disrupted trucking activities and coal deliveries. Wi

    4 QHD port coal stocks extend decline amid high outflows 2024-01-02

    Coal inventory trended lower at China's major transshipment port of Qinhuangdao last week, as outflows further increased amid rising demand from power plants with record-breaking low temperatures in s

    5 Weekly: China's anthracite prices under downward pressure 2024-01-02

    Anthracite prices in China's main production regions faced downward pressure during the past week amid sluggish demand.Anthracite miners maintained low operating rates as coal mines completing annual

    6 China Coal Daily Track (Jan 2) 2024-01-02

    Thermal coalProduction area Mine-mouth prices stayed range-bound. Supply slightly tightened as some mines arranged maintenance during the past New Year holiday. Demand remained ordinary, with downstre

    7 India's steel production hits new high in Apr-Dec 2024-01-02

    India's steel production reached new highs in the first eight months of the current fiscal year, according to data from the Ministry of Steel.The country's finished steel output came in at 89.71 milli

    8 China met coal market in figures (Jan 3) 2024-01-03

    China coking coal, met coke and steel market key figures in focus.

    9 China's coal-dedicated Wari railway transport volume surpasses 100 Mt in 2023 2024-01-03

    The Watang-Rizhao railway (also known as Wari railway), a major coal transportation route in northern China, saw its transport volume exceed 100 million tonnes for 2023, Xinhua News Agency reported.Th

    10 India's coal production rises 10.75% YoY in Dec 2023 2024-01-03

    India's coal production increased to 92.87 million tonnes in December 2023, marking a year-on-year jump of 10.75% from last year's figure of 83.86 million tonnes, data from the ministry of coal showed

    Follow Us

    coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal

    Privacy Policy | Terms of Use | Site Map | About Us | Contact Us | Join Us

    Shanxi Fensheng Information Services Co., Ltd.

    Phone：+86-351-7219322  （Business Hours 08:30-18:00 GMT+8）

    Fax：+86-351-4728543    

    中文字幕在线播放