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(Bloomberg) -- Shares of Teck Resources Ltd. jumped the most since April on the company’s plans to cut debt and return cash to shareholders thanks to proceeds from the sale of its steelmaking coal business to Glencore Plc. Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossBiden’s Defiant Interview Unlikely to Calm Democratic NervesA $14 Billion Walmart Heir Joins Novogratz Urging Biden ExitIran Elects President Who Wants to Revive Nuclear Talks With WestTrum
Teck Resources (TECK) completes the sale of its steelmaking coal business, which should enable it to focus on growing its copper growth projects.