Relentless Pursuit Engages Coal

- May 29th, 2009

Coal Investing News reports coal prices have been rallying since the global recession. Meanwhile, Bloomberg reported that Canada’s biggest base-metals company Teck Resources Limited (TSX:TCK.B) is in talks to sell coking coal assets to Chinese companies to help reduce debt. Donald Lindsay CEO Teck Resources said that “We are going through a process of talks … Continued

Coal Investing News reports coal prices have been rallying since the global recession.

Meanwhile, Bloomberg reported that Canada’s biggest base-metals company Teck Resources Limited (TSX:TCK.B) is in talks to sell coking coal assets to Chinese companies to help reduce debt.

Donald Lindsay CEO Teck Resources said that “We are going through a process of talks with Chinese companies including steelmakers, to buy as much as a 20 per cent stake in its coking coal business.

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