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The Swiss commodities giant has long argued that its thermal-coal assets worked better as part of a diversified miner. But its new bid for Teck Resources calls that contention into question.
Swiss mining giant Glencore wants to buy Vancouver-based Teck Resources. Teck dug in and spurned the offer.
Canadian miner rejects unsolicited offer from Swiss-based commodity company
Vedanta Resources is bleeding its subsidiaries dry as it struggles to deleverage