https://www.theglobeandmail.com/business/article-teck-resources-coal-pierre-lassonde/

Lots happening in the background it would seem.

......"Mr. Lassonde has been in contact with Teck on an almost daily basis since a consortium led by him tabled a buyout proposal for the coal unit last month.

He said Teck is considering selling only a portion of the coal business in part because limiting the size of the deal would allow the company to avoid a shareholder vote. And he added that Teck also wants to retain a stake in the coal business to feed its copper business, which isn’t generating anywhere near the level of cash that coal is.

“They want to retain optionality,” Mr. Lassonde said. “I mean, don’t forget this business last year generated cash flow of $7-billion.”

Teck needs funding for several growth projects, which are not in production yet. The company also wants to retain a stake in the coal business as a way to reassure its Canadian employees and Indigenous stakeholders, he added."

K