- Write by:
-
Thursday, November 16, 2023 - 18:27:57
-
198 Visit
-
Print
Mining News Pro - Canadian businessman Pierre Lassonde said on Wednesday that he is “mystified” by Teck Resources’ decision to sell its coal unit to a Glencore-led consortium for $9 billion because his group bid the same price.
“We put together an offer that was very, very competitive, it was in the best interest of Teck shareholders, Canada…the employees,” Lassonde said in an interview.
“And it was a holistic solution with the same price tag.”
On Tuesday, Teck agreed to sell its steelmaking coal unit to the group led by Switzerland-based Glencore.
Lassonde said his consortium included Fairfax Financial Holdings founder Prem Watsa and Stelco Holding Inc CEO Alan Kestenbaum, both in their individual capacities. Their offer was credible and comparable to what Teck’s board accepted from Glencore, he said.
Teck, Watsa and Kestenbaum did not immediately respond to requests for comments.
Short Link:
https://www.miningnews.ir/En/News/627671
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding ...
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
No comments have been posted yet ...