Drill and Deal

Deals / Glencore – Elk Valley Resources, from Teck

Coal · announced 14 November 2023 · completed

Glencore – Elk Valley Resources, from Teck

Teck had rejected a bid for the whole group; the compromise covered steelmaking coal only.

Acquirer
Glencore
Target
Elk Valley Resources, from Teck
Announced
Metal
Coal
Announced value
about $6.9bn for 77%
Structure
All-cash, divisional sale
Status
Completed
Main asset
Elk Valley · See it on the globe