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https://www.wsj.com/articles/glencore-approaches-teck-over-its-coal-business-c7d6c74b

Glencore Approaches Teck Over Its Coal Business

Commodities giant is willing to buy the unit as an alternative to full merger

Julie Steinberg
 and Ben Dummett
Teck Resources said it has received a number of inquiries about potential transactions for its coal business. Photo: James MacDonald/Bloomberg News

Swiss mining and trading giant Glencore has approached Canadian miner Teck Resources over buying its coal assets, according to people familiar with the matter, providing an alternative to Glencore’s original proposal for a full-blown merger between the two miners.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.