Ottawa approves sale of Teck’s steelmaking coal business to Glencore

VANCOUVER — Ottawa says it has approved Teck Resources Ltd.’s sale of a majority stake in its steelmaking coal business to Swiss commodities giant Glencore. In a statement posted Thursday, Industry Minister Francois-Philippe Champagne says the green light comes with “strict” conditions and represents a “much narrower” transaction than Glencore’s hostile takeover attempt of Teck [……
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