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Teck Provides Q1 2020 Coking Coal Sales Update

Coal News - Published on Fri, 07 Feb 2020

Image Source: Teck Resources
Teck Resources Limited announced that steelmaking coal sales for the first quarter of 2020 are being affected by bad weather in British Columbia causing rail and terminal performance issues. Among other issues, heavy snow and extreme cold in January and rock and mud slides have affected rail lines and adjacent highways. Ongoing heavy rains have delayed remediation work. The estimated impact on first quarter sales is expected to be approximately 1 million tonnes, resulting in sales in the quarter of 5.1-5.4 million tonnes.

High mine site clean coal inventory levels are also expected to limit first quarter coal production if weather conditions do not improve. Separately, the raw coal feed belt at Elkview mine experienced a mechanical failure which is expected to prevent raw coal processing through the plant for approximately two weeks. Teck is implementing plans to supplement Elkview production from its other operations during this outage.

Further guidance on coal production and sales will be provided in Teck's regular quarterly results news release.

Source :

Posted By : Yogender Pancholi on Fri, 07 Feb 2020
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