In November, a consortium led by Glencore finalized one of the largest deals in the mining sector by acquiring Teck Resources’ steelmaking coal unit for $9 billion. The acquisition marked a significant development in the mining sector and solidified the positions of Glencore, Nippon Steel Corporation, and POSCO in the steelmaking coal business.
According to a report, Canadian Industry Minister Francois-Philippe Champagne had been evaluating the deal based on net benefit and national security considerations. However, his office did not respond to a request for comment from Reuters. The Globe and Mail reported, citing unnamed sources, that Canada was planning to approve the deal with various legally binding conditions.
The approval of the deal with conditions is expected to move forward after the review by the minister. The deal showcases the global nature of the mining industry and the strategic partnerships that are formed to strengthen operations in key sectors.
The scorching heat across the country has pushed temperatures to extreme levels. California's Death Valley…
Milwaukee Bucks star Giannis Antetokounmpo is set to make his Olympic debut after leading the…
Matt Bagley, a veteran sports broadcaster and writer, is excited to announce the launch of…
In recent years, analysts have observed a shift in consumer behavior towards low-cost consumption habits.…
In France, opponents of the far right are celebrating after the National Rally was removed…
As the NATO summit in Washington approaches, anxiety continues to grow about President Joe Biden's…