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Glencore will start consulting with shareholders on the future of its coal business as soon as its deal to buy Teck Resources’ mines closes later this year. Crucially, Glencore said that should the majority of shareholders support keeping its coal mines, the company will not proceed with a vote.
Barrick Gold (TSX:ABX), Lundin Mining (TSX:LUN), and another TSX materials sector stock could unlock long-term gains on artificial intelligence (AI) adoption.
Teck Resources Limited (NYSE:TECK – Free Report) (TSE:TECK) – Research analysts at Raymond James increased their Q2 2024 earnings per share (EPS) estimates for shares of Teck Resources in a research note issued to investors on Thursday, April 25th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per […]
Read more about the BHP and Anglo American deal and how the proposal tried to create the largest copper producer in the world.
BHP has approached the embattled Anglo American mining house with an all-scrip offer that would see the group’s most troublesome assets spun off.