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Investors will enjoy surge in cash flow but coal remains a drag on Swiss group’s valuation
Commodities group plans to combine unit with own operations in one of mining’s biggest takeover battles in a decade
Move would thwart Glencore’s $23bn offer to purchase entire company
Plus, Glencore’s Teck takeover ambitions get a second wind and a US deal for a German industrial group attracts attention in Berlin
Last-minute cancellation suggests Canadian miner lacked confidence to win resolution to split company
Mining magnate who controls Teck Resources has been vociferous in rejecting hostile $23bn takeover attempt
Plus, Glencore continues its pursuit of Teck Resources and London listings struggle under a strict pension investment regime
Swiss commodities trader says offer depends on engagement from Canadian miner’s board
Canadian mining group confident China’s CIC will support plan to separate coal and metals businesses
Miner wants to spin off the business despite previously arguing holding on to it was better
Canadian group indicates willingness to consider talks with FTSE 100 miner under different deal structure
Mining group’s proposal comes a day after Teck chief described deal as a ‘non-starter’
Shareholders urged to vote for separation plan for Canadian mining group
Mining M&A is back with copper driving deals as cash-rich companies anticipate shortfall of the metal later this decade
Swiss group will have to sweeten its offer — or at least include a cash component
Acquisition would create $91bn natural resources giant
More ESG smoke and mirrors
Canadian miner completes shift out of fossil fuels amid mounting criticism of sector
Teck Resources scrapped development in Alberta as government wavered over climate impact
US stocks poised for best week since December 2014
Steady supplies from US and China depress prices
Hopes rise for rally as shrinking project pipeline indicates deficit
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