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Glencore to buy Teck's coal business

Glencore gets its prize

Paul Harris
Hands holding coal

Credit: shutterstock/New Africa

Glencore has entered into a binding agreement with Teck Resources to acquire a 77% interest in Elk Valley Resources (EVR), its steelmaking coal business, for US$6.93 billion in cash, on a cash-free debt-free...

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