Reported about 1 year ago
Canada has approved Glencore Plc’s acquisition of Teck Resources Ltd.’s metallurgical coal business for $6.9 billion. Teck also announced a $2 billion share buyback and plans to increase copper output. The government imposed stringent conditions to protect local jobs and the environment. With this deal, Teck aims to fund its future copper production and uphold commitments to Indigenous communities and environmental stewardship.
Source: YAHOO