The Globe and Mail reports in its Friday edition that Teck boss Jonathan Price has indicated he is open to a tie-up with former foe Glencore PLC that would combine its giant QB2 copper mine in Chile with Glencore's neighbouring Collahuasi operation. QB2 is the mine that underpinned Teck's revamp to become a fully focused critical-minerals company after it sold its legacy coal business to Glencore. Glencore co-owns another giant copper mine near QB2 called Collahuasi. Billions in cost savings are potentially on the table if QB2 and Collahuasi can be brought under the same ownership and operated as one gigantic facility. "We do recognize the potential value of some form of tie-up between those two operations," Mr. Price said Thursday after the release of Teck's fourth-quarter earnings. "And it's something that we've done a good deal of work on to understand the various ways in which that value could be unlocked." Teck owns 60 per cent of QB2. Mr. Price said that Teck has engaged with the Collahuasi partners around the opportunities about combining QB2 and Collahuasi, "but as you'd appreciate those discussions are confidential." Glencore in 2023 tried to buy all of Teck but settled with acquiring Teck's coal business.