Teck Reduces Coal Sales Forecast on Avalanche Threat in British Columbia

Industrial Metals

Bloomberg.com reports that Teck Resources (TSE:TCK.B) blames bad weather, a port equipment failure and avalanche threats for projected slow sales this quarter.

Bloomberg.com reports that Teck Resources (TSX:TCK.B) blames bad weather, a port equipment failure and avalanche threats for projected slow sales this quarter.
The story is quoted as saying:

The Vancouver-based company said it expects coal sales of 5 million to 5.5 million metric tons in the first three months of 2011, compared with 5.25 million metric tons for the same period in 2010. Planned sales for 2011 are in the range of 24.5 million metric tons to 25.5 million metric tons, the company said in a statement today.

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