{"id":598246,"date":"2023-08-18T11:05:01","date_gmt":"2023-08-18T05:35:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598246"},"modified":"2023-08-18T11:05:01","modified_gmt":"2023-08-18T05:35:01","slug":"jsw-steel-may-pick-majority-stake-in-teck-coal-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/jsw-steel-may-pick-majority-stake-in-teck-coal-unit\/","title":{"rendered":"JSW Steel may pick majority stake in Teck Coal unit"},"content":{"rendered":"<p>JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.\u2019s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from commodities giant Glencore Plc.<\/p>\n<p>Mumbai-based JSW is seeking partners for an offer to acquire a 75% interest in the asset, known as Elk Valley Resources Ltd., the people said. That\u2019s a marked shift in approach from July, when Bloomberg News reported JSW was interested in up to 20% of Teck\u2019s coal business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.\u2019s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from commodities giant Glencore Plc. Mumbai-based JSW is seeking partners for an offer to acquire a 75% interest in the asset, known as Elk Valley Resources Ltd., the people said. That\u2019s a marked shift in approach from July, when Bloomberg News reported JSW was interested in up to 20% of Teck\u2019s coal business.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-598246","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=598246"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598246\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}