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Teck Resources Ltd , is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8-billion, Bloomberg News reported on Tuesday, citing sources.

The company is working with an adviser as it looks for strategic alternatives for the unit, the report said.

Teck Resources declined to comment on the report.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 3:24pm EDT.

SymbolName% changeLast
TECK-A-T
Teck Resources Ltd Cl A
+4.57%62.22
TECK-B-T
Teck Resources Ltd Cl B
+4.01%62

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