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Read the latest news on how Teck Resources has called off a shareholder vote on its proposed separation at the last minute, saying it would instead pursue a more simplified plan in the future
Sumitomo Metal Mining has backed Canadian miner Teck’s decision to spin the business off into two separate companies.
Breaking News, Sports, Manitoba, Canada
Sumitomo directly holds 18.9% of Teck’s Class A shares along with with the Keevil family, as well as 0.1% of Class B shares.
VANCOUVER — Sumitomo Metal Mining Co. Ltd., a key shareholder at Teck Resources Ltd., says it will vote in favour of the company's plan to separate its metals and steelmaking coal operations into two companies.