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Teck to spin out coal, simplify share structure

Shake-up to position the company for growth

Paul Harris
Teck Resources' Elkview in British Columbia,Canada

Teck Resources' Elkview in British Columbia,Canada

The company's base metals business will become Teck Metals, while its coal business will become Elk Valley Resources (EVR), a pure-play, high-margin steelmaking coal producer. "The spin out will enable...

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