Glencore has won the battle. Teck Resources (TSX: TECK.B) early this morning indicated that it has reached an agreement to sell a majority stake of its steelmaking coal business to the Swiss mining giant, with a minority stake to be sold to Nippon Steel. The business unit will be sold at an implied enterprise value … Continue reading Teck Sells Off Coal Unit, With Glencore Taking Majority Stake For US$6.9 Billion