By AGMetalminer.com Canadian mining group Teck Resources recently withdrew its proposal to separate its metals and coal companies into two separate assets. The Vancouver-headquartered company announced its plans not to proceed with a vote to divide the business into two separate companies, Teck Resources and Elk Valley Resources, at its April 26 annual and special shareholders meeting.
“We received very strong support from shareholders for the goal of separation, which is to unlock value through creation of a premier, pure-play base metals…Teck Changes Proposal To Separate Metal And Coal Business
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