Last week, the federal government announced that it had approved the sale of the operation
The news comes as no surprise following the announcement last week by the federal government that it had approved the sale of the operation to the Swiss commodities giant.
Vancouver-based Teck received US$7.3 billion from Glencore for its coal business, which it sought to off-load in order to focus more on critical minerals and the energy transition.
Glencore had initially pursued a $25-billion hostile takeover attempt for all of Teck, a move that sparked economic nationalism concerns in Canada.
Teck previously closed the sale of a minority stake in the steelmaking coal business to Japan’s Nippon Steel Corp. and South Korea’s Posco.