Analysts Expect Glencore to Keep Coal Assets After Teck Purchase

CORPORATE STRATEGIC - LONDON  - Analysts expect Glencore to keep its coal business as a strong contributor to revenue, following its acquisition of assets from Teck Resources.

The miner and trader, which this month completed a deal to buy the majority of Teck's steelmaking coal business, said it was asking shareholders if they wanted the combined coal assets to remain part of Glencore or be spun into a separate company.