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Teck Resources Cuts Coal Production

Coal News - Published on Fri, 03 Apr 2020

Image Source: Teck Resources
Teck Resources is temporarily cutting staff and production at its BC operations and has been forced to adjust its first quarter guidance. Teck’s first quarter sales of metallurgical coal actually exceeded expectations, , with sales exceeding its first quarter expectations of 4.8 million tonnes by 40,000 tonnes. Teck expects met coal production to decline 80% to 85% over a two-week period. Teck CEO Don Lindsay said “Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our steelmaking coal results significantly exceeded guidance.”

A new processing plant being built at its Elkview mine, which is shut down for the expansion, is still on schedule for completion this month, the company said.

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Posted By : Yogender Pancholi on Fri, 03 Apr 2020
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