Teck Resources Limited (TSX: TCK.A, TSX: TCK.B, NYSE: TCK) reported that coal sales for the fourth quarter of 2012 will exceed projections of 6.2 million tonnes.
As quoted in the press release:
Teck will use alternative shipping options throughout the duration of the repairs at Westshore, including securing additional capacity through Neptune Terminals, Pacific Coast Terminals, Thunder Bay Terminals and Ridley Terminals. On the basis of Westshore’s estimated repair schedule for Berth 1 and expected loading capacity for Berth 2, Teck expects to have total shipping capacity of approximately six million tonnes in the first quarter of 2013.
Love It Or Hate It: 40% Of Electricity In The United States Is Generated From Coal. China uses even more.
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