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Teck Resources cuts steelmaking coal sales volume guidance

Published 03/09/2018, 11:39 AM
© Reuters.  Teck Resources cuts steelmaking coal sales volume guidance
TECK
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  • Teck Resources (TECK +0.1%) cuts its forecast for Q1 steelmaking coal sales volumes to 6M metric tons, down from previous guidance of 6.3M-6.5M tons, citing logistics and ongoing poor performance at its Westshore Terminals in British Columbia.
  • Teck also says it restarted the coal dryer at Elkview mine in British Columbia after operations were halted due to a pressure incident in January; Teck estimates lost production due to the incident of 200K metric tons of clean coal and the cost of repairs to the dryer at less than $10M.
  • Now read: Sirius Minerals Plc 2017 Q4 - Results - Earnings Call Slides


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