A dramatic rebound in coal prices is giving Teck Resources Ltd. extra breathing room, reducing concerns about its cumbersome debt.
Over six months, the price of premium hard coking coal – one of the key ingredients for steel-making – has more than doubled, and Teck’s share price has jumped a stunning 350 per cent since the start of the year. The miner is one of the commodity’s top producers, along with global giants such as Anglo American PLC and BHP Billiton Ltd.
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