Teck Decides to Halt Production at Canadian Mines

Teck Resources Limited (NYSE:TCK) announced it would be implement temporary shutdowns at its six Canadian steelmaking coal operations during the third quarter of the year.

As quoted in the market news,

Each of Teck’s steelmaking coal operations will be temporarily shut down for approximately three weeks in the quarter. Shutdowns will be staggered over the summer months among the operations. Teck will continue to meet all contracted and committed coal sales for its entire suite of products.

Click here for the full Teck Resources Limited (TSX:TCK) press release