[ TRANSACTION RECORD ]

Glencore Investment in Elk Valley Resources — 2024

VERIFIED VECTOR ID: 001826 · tx-112
M SOURCE NODE — FUNDER
Glencore
Mining Switzerland
$6,900,000,000
EQUITY
11/07/2024
Q DESTINATION NODE — RECIPIENT
Elk Valley Resources
Company Canada
Amount (USD)
$6.9B
Flow Type
EQUITY
Transaction Date
11/07/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Glencore
AUM 210000
HQ Location Switzerland
Sector Mining
Recipient Profile [ Q ]
Entity Elk Valley Resources
Entity Type Company
Jurisdiction Canada
Intelligence Note

Glencore completed the acquisition of a 77 percent interest in Elk Valley Resources from Teck Resources for 6.9 billion dollars. The transaction provides Glencore with a leading position in the global supply of high-quality steelmaking coal. This deal represents a major institutional move to consolidate industrial mining assets required for infrastructure development.

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Primary Forensic Source https://www.glencore.com/media-and-insights/news/completion-of-the-acquisition-of-elk-valley-resources/
✓ SOURCE LINKED