JSW Steel Hoping to Buy Into Canadian Met Coal Operation
08/25/2023 - JSW Steel is looking to acquire a 20% to 40% stake in a Canadian miner’s metallurgical coal business, reports the Bloomberg news service.
According to Bloomberg, JSW chairman Sajjan Jindal said Japanese and South Korean steel producers are also hoping to acquire a position in Teck Resources’ Elk Valley met coal business, with a combined offer valuing it at $8 billion.
Teck has been in talks with a number of suitors who have expressed interest in buying its metallurgical coal business.
