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As Teck weighs offers for coal business, likelihood of regulatory approval a factor

Canadian Manufacturing

says he will only accept a bid for the company’s steelmaking coal business if he feels confident Canadian regulators will approve the transaction. Price said the Vancouver-based company continues to evaluate offers put forward by prospective buyers of its coal business with the hope of making a decision before the end of the year.

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Teck Resources says still evaluating options on coal business sale

Canadian Manufacturing

is making progress in evaluating the various offers put forward by prospective buyers of its steelmaking coal business, the Vancouver-based mining company said Thursday. But a wrinkle was thrown into that plan this spring when Swiss commodities giant Glencore launched its $25-billion hostile takeover bid for Teck. Teck Resources Ltd.

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Teck Resources receives interest for its steelmaking coal business

Canadian Manufacturing

says it has received a number of indications of interest regarding potential transactions involving the company’s steelmaking coal business as it works to split the operations from its base metals business. Teck Resources Ltd.

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Electric cars help UK factories recover; eurozone inflation expected to ease – business live

The Guardian Manufacturing

Live, rolling coverage of business, economics and financial markets as easing of chip shortage boosts British car manufacturing by a third Are we heading for a Eurozone inflation surprise in a few hours? French inflation has come in higher than analysts’ expectations. French consumer prices rose by 5.7%

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World-Class NSW + ACT Work celebrated at Weld Australia’s 2022 Welding Excellence Awards

AU Manufacturing

These investments have been essential as their business continues to expand into a diverse range of sectors including manufacturing, engineering, maintenance project management, renewable energy, rail and mining. Congratulations also to Glencore Coal Assets Australia as the 2022 Runner Up.

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EV battery firm Britishvolt under threat of administration

E&T

Britishvolt has received tens of millions of pounds of financial backing from FTSE 100 metals firm Glencore, which saw its shares dip on Monday morning in light of the latest developments. The project was expected to cost around £3.8bn in total, with around £1.7bn of that allocated to the initial building of the gigafactory itself.

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BHP’s Queensland investment on hold due to State Government’s new royalty tax scheme

AU Manufacturing

This increase to royalties will impact the local businesses, suppliers and communities in Central Queensland where we operate.” You can’t over-tax an industry, let alone Queensland’s most important economic driver, and expect business to continue as usual,” Macfarlane said.