https://biv.com/article/2021/10/mining-giant-eyes-transition-copper-coal

https://thenarwhal.ca/bc-teck-sale-elk-valley-coal-pollution/

A Sept. 21 presentation to investors shows Teck’s focus today is on growing its copper production, with a long-term goal over the next 20-plus years of becoming the “leading copper producer supplying essential metals for a low-carbon world.” 

There’s a whole worldwide movement gaining incredible steam to shut down coal burning and coal use across the world to try to maintain our global warming below 1.5 degrees,” he said.

“I’m not that surprised that a sophisticated company is recognizing that coal mining, be it metallurgical or thermal, is not where the future lies.”

On the other hand, if the company is looking at selling its coal assets, “they can’t overly malign them in their investor prospectus.”

With the impacts of climate change — including sweltering heat waves and devastating droughts and wildfires — already being felt around the world, work is underway globally to develop lower carbon steel, however production today continues to rely heavily on metallurgical coal.

Looking forward, Crittenden said Teck could also see the value of its shares rising as its Quebrada Blanca phase 2 copper mine project inches closer to completion, increasing the share of its assets tied to base metals.

“However, we note that [metallurgical] coal companies have historically traded below copper producers so if [metallurgical] coal was to weigh on Teck’s valuation, a split into ‘Teck Coal’ and ‘Teck Base Metals’ could unlock value,” he wrote.