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Canada approves Teck’s coal sale to Glencore

By:  
Creamer Media Senior Deputy Editor Online
 
COAL
The Canadian government has approved commodities major Glencore’s acquisition of Teck Resources’ metallurgical coal business, Elk Valley Resources (EVR). The $6.9-billion transaction for a 77% interest in British Columbia-based EVR is expected to close on July 11.
 
 
 
 
 

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