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Glencore to cut coal if it gets Teck

GLENCORE proposes carving off its coal business and merge it with that of Teck Resources as part of a US$23 billion takeover of the Canadian coal and metals giant.

Lou Caruana
The demerged coal business – CoalCo – would be a leading, highly cash-generative, diversified coal producer.

The demerged coal business – CoalCo – would be a leading, highly cash-generative, diversified coal producer.

Glencore said the demerged coal business - CoalCo - would be a leading, highly cash-generative, diversified coal producer that would be able to sustain an attractive cash flow payout to investors through...

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