With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.
Issue link: http://digital.canadawide.com/i/1501233
TECK RESOURCES JULY/AUGUST 2023 BCBUSINESS.CA 75 T he importance, but also the precarity, of main- taining a robust corporate community in British Columbia has seldom been more evident than during this past spring's compilation of our Top 100 list. As Teck Resources—the province's No. 2 company and the largest mining concern in all of Canada—attempted to spin off its metallurgical coal division, it became the target of a takeover bid by Swiss commodity giant Glencore PLC. While Teck sought to create a new coal mining com- pany, Elk Valley Resources, that would leave its core metals division fully investible by fossil-fuel-averse insti- tutions, Glencore put forward a plan to merge Elk Valley Inflation's bite brought new corporate leaders to the fore in 2022, while taking the edge off the commodity boom b y M I C H A E L M c C U L L O U G H continued on page 80 NEVER A DULL MOMENT AT THE WHEEL A plan to split Teck Resources into two was stopped at the last hour, leaving the company searching for a direction