(Bloomberg) -- Teck Resources Ltd. is struggling to secure the support of top shareholder China Investment Corp., as the Canadian miner studies options to exit its coal business while fending off a takeover bid from Glencore Plc.

Chief Executive Officer Jonathan Price met with CIC representatives last week to solicit feedback after the Chinese sovereign wealth fund failed to back an earlier coal spinoff plan, according to people familiar with the matter. However, Price did not come away with any assurance that CIC would support a new proposal, said the people, who asked not to be identified discussing private information.

Spokespeople for Teck and CIC declined to comment.

Teck was forced to withdraw its previous spinoff plan just hours ahead of a shareholder meeting in April, after it failed to muster enough support. Teck insists that splitting off its coal business remains preferable to Glencore’s offer, and is now under pressure to present shareholders with a new, simpler proposal.

CIC, which owns 10% of Teck’s Class B shares, would favor whatever plan allowed investors to exit their coal exposure cleanly for an attractive cash return, said one of the people.

https://ca.finance.yahoo.com/news/teck-struggles-secure-top-shareholder-152030037.html