OTTAWA: Teck Resources Ltd, one of Canada’s leading mining companies, announced Tuesday the full sale of its steelmaking coal business in a series of deals valued at US$8.9 billion.In an investor conference call, the Vancouver-based mining company said Swiss commodities giant Glencore has agreed to pay US$6.9 billion to acquire a 77 per cent controlling interest in Elk Valley Resources, the platform of Teck’s coal business.Japanese company Nippon Steel Corp. (NSC) will acquire a 20 per cent stake and South Korean steelmaker POSCO will take the remaining 3 per cent stake, the company said.Transactions with NSC and POSCO are expected to close in the first quarter of 2024, and transaction with
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