# Teck Resources to spin off steelmaking coal business as Elk Valley Resources

Teck Resources Ltd. announced a plan to split the company, spinning off its steelmaking coal assets into a new publicly traded company called Elk Valley Resources Ltd., while the remaining entity becomes Teck Metals Corp. focused on copper.

- Type: Acquisition
- Announced: 2023-02-21
- Where: Canada
- Status: announced
- Products: steelmaking coal, copper
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Teck Resources](https://endata.com/companies/12522.md)
- [Elk Valley Resources Ltd.](https://endata.com/companies/68683.md) (target)
- [Teck Metals Corp.](https://endata.com/companies/68684.md) (target)

## Sources

- [coastreporter.net](https://www.coastreporter.net/national-business/teck-resources-to-split-company-and-spin-off-steelmaking-coal-business-6585164), 2023-02-21: "Importantly, this will provide investors with a choice."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.