BRIEF-Teck Resources Q2 adjusted earnings per share $0.14

July 23 (Reuters) - Teck Resources TCKb.TO :
* Reports unaudited second quarter results for 2015
* Qtrly coal production 6.6 million tonnes versus 6.4 million tonnes a year ago
* Qtrly revenue $2 billion versus $2.01 billion last year
* Qtrly copper production 93 thousand tonnes versus 87 thousand tonnes a year
ago
* Q2 adjusted earnings per share $0.14
* Says "all of our operations have remained cash flow positive after sustaining
capital investment"
* Says second quarter adjusted profit attributable to shareholders of $79
million, or $0.14 per share
* Q2 earnings per share $0.11
* Q3 coal production will be reduced by approximately 1.5 million tonnes to 5.7
million tonnes
* Now expect our 2015 coal production to be in the range of 25 to 26 million
tonnes
* If market conditions do not improve, we may reduce production further in the
fourth quarter
* Says expect full year production guidance for copper in the range of 340 to
350 thousand tonnes
* Construction of the fort hills project is progressing substantially in
accordance with the project schedule
* Our share of fort hills cash expenditures in 2015 is estimated at $850
million
* Fort hill site construction workforce is currently approximately 3,500 and
will continue to ramp-up to peak in 2016
* Fort hills first oil is still expected as early as the fourth quarter of 2017
* Rotating shutdowns at steelmaking coal mines have commenced and further steps
to reduce production may be taken in the fourth quarter
* Additional coal production adjustments will be considered over the course of
2015 as market conditions continue to evolve
* Responding to challenging market conditions by focusing management's efforts
on cost reduction initiatives and capital discipline
* We will continue to meet all contracted and committed coal sales for our
entire suite of coal products"
* Prices for all of our major commodities fell significantly in the quarter,
putting downward pressure on margins and profits"
* Says demand for coal, particularly in China, has weakened substantially
* Says increased supply from Australian mines has also put downward pressure on
coal prices
* All figures in c$
* Source text for Eikon ID:nMKWsbcxTa