Teck Coal Strike Adds Price Pressure

The Globe and Mail reports that a strike at a Teck (NYSE:TCK,TSX:TCK.B) coal mine threatens to send coal prices surging.

The story is quoted as saying:

The labour stoppage comes less than two weeks after Teck said coal sales would be lower this quarter due to a mix of bad weather and an equipment failure at one of its ports. It’s the second time in six months that workers at one of Teck’s six Canadian coal mines have gone on strike.

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