Chrystia Freeland, François\u002DPhilippe Champagne and Jonathan Wilkinson are watching “closely” as Glencore moves to take over Teck. Read on.
Anderson also wrote: “We are concerned that the potential acquisition of Teck Resources by Glencore could lead to the loss of a significant driver of Vancouver and Canada’s economy and deal a severe blow to local innovation and Canada’s drive towards net zero.
It came as Teck’s shareholders prepare to vote April 26 on whether to split off the company’s metallurgical coal — which is used to make steel — into a separate entity from its copper and other metal assets. Teck’s management has said that it does not want to expose its shareholders to thermal coal production, which it said is incompatible with the energy transition.Article content
As that matter intensified in the days before Teck shareholders vote, with both Teck and Glencore continuing to talk with Teck’s class B shareholders, a broader debate has emerged about Teck’s role in the economy.
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Top federal ministers say they're watching Teck-Glencore saga 'very closely'Chrystia Freeland, François\u002DPhilippe Champagne and Jonathan Wilkinson are watching “closely” as Glencore moves to take over Teck. Read on.
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