Key shareholder Sumitomo to vote in favour of Teck plan to split business – Winnipeg Free Press
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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.
VANCOUVER - Sumitomo Metal Mining Co. Ltd., a key shareholder at Teck Resources Ltd., will vote in favour of the company's plan to separate its metals and steelmaking coal operations into two companies.
Norman Keevil Jr., 85, is the controlling shareholder of Teck Resources, a mining company he built with his father nearly six decades ago.
The fate of the biggest mining deal in more than a decade lies in the hands of a Canadian magnate who built a fortune on copper and coal.