By Christian Moess LaursenGlencore said Monday that it has submitted an alternative bid for Teck Resources' steelmaking coal business for a non-disclosed cash consideration. The Anglo-Swiss commodity miner said it has made an alternative proposal to acquire the Canadian miner's coal business to allow for a value accretive demerger of the two companies' combined coal and carbon steel materials business CoalCo.

Source: Wall Street Journal June 12, 2023 06:39 UTC