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Glencore takes majority stake in Canadian coal business
Glencore takes majority stake in Canadian coal business
Economy
by  AFP

Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said on Tuesday, capping fraught negotiations between the groups. Vancouver-based Teck Resources put the value of its steelmaking coal business at $9.0 billion.