Teck has announced a plan to sell the majority of its coal business to Glencore in a transaction worth US$8.9-billion
Simon Nicholas is lead analyst, global steel, with the Institute for Energy Economics and Financial Analysis . The institute examines issues related to energy markets, trends and policies.
The liabilities would instead rest with a stand-alone company reliant on a product with declining demand – for both thermal and metallurgicalWhat guarantees are there that B.C. taxpayers won’t have to cover the Elk Valley Resources mines’ remediation liabilities in the event the new owners are no longer able to pay for it?in British Columbia regarding the adequacy of the existing financial guarantees provided by Teck to pay for Elk Valley mine remediation.
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