FILE PHOTO: The logo for Canadian mining company Teck Resources Limited is displayed above their booth at the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren/File P
By Divya Rajagopal
TORONTO (Reuters) – Barrick Gold (NYSE:GOLD) Corp is not interested in bidding for the copper assets of Teck Resources (NYSE:TECK) Ltd as there are fewer synergies between the companies, CEO Mark Bristow said in an interview with Reuters.
Bristow’s comments come at a time when Canadian mining company Teck has rebuffed a $22.5 billion unsolicited bid from Swiss mining company Glencore (OTC:GLNCY) Plc and said it is exploring its own diversification that includes opening its metals and coal business to a competitive bidding process.