Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Teck CEO expects "very strong" Q4 benchmark coal price

Published 2017-10-26, 12:14 p/m
© Reuters.  BRIEF-Teck CEO expects "very strong" Q4 benchmark coal price
TECK
-

Oct 26 (Reuters) - Teck Resources TECKb.TO

* Expects "very strong" Q4 industry benchmark price for steelmaking coal - chief executive donald lindsay

* Teck Resources says has contracted for 10,000 bpd of fort hills bitumen on existing Keystone pipeline to gulf coast; 12,000 bpd on proposed Trans Mountain pipeline expansion

* Teck says has plans to sell remaining 25,000 bpd of Fort Hills bitumen at Hardisty, Alberta; has long-term contracts on up to 20,000 bpd

* Teck says if Trans Mountain expansion is delayed or not built it can increase capacity on Keystone pipeline, sell at Hardisty or use rail

* Teck CEO says "pretty strong case" for company to get back investment grade rating; rating agencies waiting for Fort Hills start, ramp up

* Steelmaking coal market prices "stabilizing" after coming off peaks, helped by strong demand outside China

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.