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Teck Mining Operation Spins Off $11.5B Steelmaking Coal Biz

By Elaine Briseño ( February 21, 2023, 6:16 PM EST) -- Mining company Teck Resources Ltd. will spin off its steelmaking coal business to form two independent, publicly listed companies called Teck Metals Corp. and Elk Valley Resources, in a deal that gives the latter an enterprise value of $11.5 billion and was steered by five law firms....

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