Shareholders of one of B.C.’s biggest mining companies are preparing to vote on a proposal to split it in two. Here’s what you need to know about Teck Resources.
Teck employs upwards of 10,000 people, many of whom work in their mines and smelting operations near the B.C.-Alberta border.
Now it wants to spin off its metallurgical coal businesses and metal mining businesses — the latter of which would focus on industrial metals such as copper and zinc — into two separate companies, Elk Valley Resources and Teck Metals.
The vote comes amid a hostile takeover bid from Swiss conglomerate Glencore, and is itself controversial after the company’s long history of environmental violations for polluting waterways
→ Continue reading at CBC News