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Teck Resources has backed-off from its proposed split of its base metals and coal businesses into Teck Metals and Elk Valley Resources, and will not present this to its shareholders today.
Teck Resources' QB2 in Chile
The proposed split was criticised for the transition capital structure, which would have seen Teck Metals continue to receive the lion's share of the profits of the coal business, prompting advisory
Teck working on separation structure
JSW Steel considering stake in Teck coal assets
Teck's cake, and who is going to eat it?
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