Insight
Glencore acquires Teck's world class coal assets
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the biggest coal deal since 2011, Glencore is purchasing Teck’s coal business (Elk Valley Resources, or EVR) for US$6.93 billion. Glencore will move from being a relatively minor player in the seaborne metcoal market to the third largest supplier globally. The deal breakeven price of US$198/t continues the trend of higher implied transaction prices that started in 2022. Glencore and Teck Metals both stand to gain, as each reshuffles their portfolio to target new investors.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Asset Report
CONSOL Appalachia coal mines
A detailed analysis of the CONSOL - Appalachia coal mines.
$2,550
Asset Report
Goedgevonden coal mine
A detailed analysis of the Goedgevonden coal mine.
$2,550
Asset Report
Tweefontein Surface coal mine
A detailed analysis of the Tweefontein Surface coal mine.
$2,550
