Teck to sell all coal assets to Swiss mining firm, two Asian steelmakers in $12 billion deal

Microsoft, others $100 million investment in quantum startup Photonic also in this week's roundup

Teck to sell all coal assets to Swiss mining firm, two Asian steelmakers in $12 billion deal

Teck Resources has agreed to sell its entire interest in its coal business to a Swiss commodities trading and mining company and two Asian steelmaking firms in a deal valued at approximately $12.25 billion (US$8.9 billion). Also in this week’s deals roundup is quantum startup business Photonic’s $100 million funding from Microsoft and other investors.

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