Teck Resources plans to spin off coal business, Bloomberg reports

Teck Resources plans to spin off its coal business in order to focus more on industrial metals, Bloomberg’s Thomas Biesheuvel, Dinesh Nair and Jacob Lorinc report. According to people familiar with the matter, the miner is expected to make an announcement on the spinoff as early as next week, but a final decision has not yet been made. See today’s best-performing stocks on TipRanks >>

Read More on TECK:

• Teck Resources Jump on Coal Business Spin-Off Reports
• Teck Responds to Market Rumours
• Teck Becomes First Sponsor of Invictus Games Vancouver Whistler 2025
• Teck to Present at the BMO Global Metals, Mining & Critical Minerals Conference February 27, 2023
• Teck announces completion of NewRange Copper JV agreement with PolyMet