Teck Fourth Quarter Coal Sales to Exceed Projections

Industrial Metals

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 and that damage to Berth 1 at Westshore Terminals will not hamper production.

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.

To view the full press release, click here.

Coal Investing