Teck Resources Nears Deal to Sell Coal Business to Glencore.

Teck Resources, a Canadian mining company, is in advanced talks to sell its coal assets to Glencore, a mining and trading giant. The deal, valued at close to $10 billion, would be one of the largest in the mining industry this year. The price reflects the strong market for metallurgical coal used in steelmaking. Glencore has been one of the few major resources groups to continue investing in coal, while other companies have reduced their exposure to the commodity due to pressure to reduce greenhouse gas emissions. [Extracted from the article]