The unit has been plagued by several snags in the past three years, including supply-chain disruptions, adverse weather events, labor shortages and an outage at Elkview plant
said on Tuesday it has changed its name to Teck Metals Corp and would also spin off its steelmaking coal unit as Elk Valley Resources Ltd.
The unit, which has four mines in Elk Valley, British Columbia, has been plagued by several snags in the past three years, including supply-chain disruptions, adverse weather events, labor shortages and an outage at Elkview plant. Teck Metals will receive an 87.5 per cent interest in gross revenue royalty from the steelmaking coal business through the transition period.Tickers mentioned in this storyBuild your personal news feed
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