First they get their coal, then they get Teck. We'll have nothing left in Canada: Pierre Lassonde
Pierre Lassonde, chair emeritus at Franco-Nevada Mining, joins BNN Bloomberg to talk about Teck selling its coal business to Glencore for US $9B. Lassonde says he is 'very disappointed for Canada'. He raises concerns on the way Glencore does business. Lassonde notes last year Glencore paid US$1.75 B in penalties to U.S., UK, Brazil for bribery, market manipulation and corruption.