Australia’s biggest coal exporter says more than two-thirds of its shareholders want the company to hold on to its coal mines.
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Shares of Teck Resources Ltd. jumped the most since April on the company’s plans to cut debt and return cash to shareholders thanks to proceeds from the sale of its steelmaking coal business to Glencore Plc.
Australia’s biggest coal exporter says more than two-thirds of its shareholders want the company to hold on to its coal mines.
Glencore has scrapped plans to spin off its coal business, with an unlikely coalition of investors and activists all opposed to the plan.
Glencore has abandoned plans to spin off its coal unit just nine months after saying it would exit the profitable but polluting business, following...
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Image: Small Smiles_dimple/stock.adobe.comGlencore shareholders have voted for the major miner to retain its coal and carbon steel materials business,...
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