China confronts the cost of dismantling the world’s biggest coal sector
Coal has been closely tied to the Communist Party’s history and to its efforts to transform China’s economy over the past decades.
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining (SMM) confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A, TECK.B) (NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore (LON: GLEN), which wants to buyout Canada’s largest...
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