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Glencore's deal to buy Teck Resources' steelmaking coal unit shows how cheap fossil fuels can be a lucrative option for companies - for a decade or two at least - even as they are phased out in favour of renewable energy. Western companies may be loathe to search for new sources of coal or build new mines, but investors say coal still has a powerful role to play in the coming years since it can be used to feed the needs of the global shift to cleaner energy. Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important compone...

By Clara Denina and Pratima Desai LONDON (Reuters) - Glencore's deal to buy Teck Resources' steelmaking coal unit shows how cheap fossil fuels can be ...

Glencore Investment For Teck Resources: Glencore CEO Gary Nagle's initial bid for the entire Teck Resources faced stiff opposition from Justin Trudeau's Liberal government and from the premier of British Columbia, where the company is based. Teck twice rebuffed Glencore's overtures.

Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.

Ian Woodley: Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.