April 15, 2023

Glencore digs in for battle as momentum shifts against Teck

The momentum has shifted sharply in favor of Glencore and its hard-charging South African CEO, Gary Nagle.

April 14, 2023

Glencore’s Nagle says he’ll meet Teck CEO ‘anywhere’ to talk bid

Gary Nagle said he hasn’t met with Teck CEO Jonathan Price in person since the first offer weeks ago.

April 14, 2023

Canada ready to become critical minerals provider, says minister

Canada has critical minerals cooperation agreements with Japan, the US and the European Union.

April 14, 2023

Teck’s top shareholder backs Glencore takeover

CIC, which holds slightly over 10% of Teck’s Class B shares, says Glencore's bid would allow for a cleaner exit for investors.

April 13, 2023

Glencore shareholder Bluebell opposes ‘value destructive’ Teck deal

London-Based Bluebell said the deal would combine two businesses with questionable synergies.

April 13, 2023

Teck, Glencore CEOs converge on Toronto in battle for investors

Teck has suffered a blow to its plans to separate its coal and metals operations after a major advisory firm urged shareholders to reject the move.

April 13, 2023

Teck rejects Glencore’s sweetened bid, pushes for own restructuring

Glencore has offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.

April 12, 2023

Teck shareholders call for Glencore to boost takeover bid

Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal.

April 12, 2023

Glencore tweaked $23 billion Teck bid after investors balked at coal

Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company.

April 11, 2023

Coal supplying less US power than gas, renewables and nuclear

Coal use in the US power market is set to decline for a second year in succession.