Canadian miner Teck Resources is revising its plan to separate its metals and coal companies into two separate assets. The company received strong support from its shareholders to split the two activities up.
. 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.
“Our plan going forward is to pursue a simpler and more direct separation,” Price added. “ is the best path to unlock the full value of Teck for our shareholders.”
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