Teck Resources’ substantial coal assets have been valued at US$8.2-billion
that is it willing to bid for the Canadian company’s substantial coal assets, which have been valued at US$8.2-billion.did not deliver a formal offer; one source described it as an “indication of interest” that could lead to a bid. The Globe and Mail is not naming them because they are not authorized to speak publicly on the matter.
After the spin-off proposal was killed off, Teck CEO Jonathan Price said Teck’s new plan “is to pursue a simple and more direct separation.” He did not give details, though analysts and investors assumed that Teck would consider direct offers for all of the coal business or a substantial piece of it.On June 6, Mr. Price said in a press release that, “Our high-margin, long-life steelmaking coal assets [have] generated considerable interest from various parties.
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