Glencore PLC (OTCPK:GLNCY)

$ 10.57 0.08 (0.76%) Market Cap: 64.08 Bil Enterprise Value: 92.66 Bil PE Ratio: 0 PB Ratio: 1.53 GF Score: 79/100

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Teck Resources Ltd to Sell Elk Valley Resources to Glencore plc M&A Call Transcript

Nov 14, 2023 / 01:00PM GMT

Release Date Price: $11.19 (+6.57%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Teck Resources Conference Call. (Operator Instructions) This conference call is being recorded on Tuesday, November 14, 2023. I would now like to turn the conference over to Fraser Phillips, Senior Vice President, Investor Relations and Strategic Analysis. Please go ahead.

Fraser Phillips

Thanks, Jalene, and good morning, everyone, and thank you for joining us on short notice today for Teck's conference call to discuss the sale of our steelmaking coal business. We announced the full sale of our steelmaking coal business last night. That sales to Glencore and to Nippon Steel. The presentation on the transaction is available in the Investors section of our website at teck.com.

On today's call, Jonathan Price, our CEO, will walk through the presentation to discuss the objectives, structure and benefits of the transaction and outline how we'll position Teck Resources to realize the full potential of our base metal business. We'll then conclude the session with a question-and-answer session.

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