Teck Updates Steelmaking Coal Guidance

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided updated guidance for expected realized steelmaking coal price and an update on estimated sales volumes for the fourth quarter of 2017.

As quoted in the press release:

The fourth quarter 2017 price index for steelmaking coal volumes sold under quarterly contract on the basis of the average of three assessments for the period September through November, is now established at US$191 per tonne. Teck expects to realize an average price, for all tonnes sold in the quarter, of approximately US$165 to $170 per tonne.

Click here for the full text release

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply