April 1 (Reuters) - Teck Resources Ltd TECKb.TO :
* TECK ANNOUNCES UPDATED QB2 CAPITAL ESTIMATE
* UPDATE TO ITS CAPITAL ESTIMATE FOR QUEBRADA BLANCA PHASE 2 ("QB2") PROJECT
* REVISED ESTIMATE IS BASED ON A SCHEDULE THAT CONTEMPLATES FIRST PRODUCTION BY Q2 2022, AND INCLUDES A CONTINGENCY OF US$400 MILLION
* HAVE BEEN NO CONFIRMED CASES OF COVID-19 ASSOCIATED WITH QB2 EMPLOYEES OR CONTRACTORS AT WORK SITE TO DATE
* WHILE INITIALLY PLANNED FOR A TWO-WEEK SUSPENSION, PROJECT CONSTRUCTION ACTIVITIES REMAIN ON HOLD
* IT IS NOT CURRENTLY POSSIBLE TO PREDICT WHEN TEMPORARY SUSPENSION OF CONSTRUCTION WILL BE LIFTED
* TECK RESOURCES - SAYS CURRENT FOCUS IS HEALTH AND SAFETY OF REDUCED WORKFORCE REMAINING ON PROJECT REQUIRED TO MAINTAIN FACILITIES
* ASSUMING A 4 WEEK CONSTRUCTION SUSPENSION PERIOD AT QB2, IMPACT IS ESTIMATED TO BE ABOUT $75 TO $125 MILLION
* TECK RESOURCES - EACH ADDITIONAL MONTH OF SUSPENSION IN QB2, SEE AN ADDITIONAL IMPACT OF ABT US$25-50 MILLION, ONE MONTH OF ADDITIONAL SCHEDULE DELAY
* IN QB2, IF FULL CONSTRUCTION ACTIVITIES ARE RESTARTED IN Q2, SOONEST WOULD EXPECT FIRST PRODUCTION IS MID 2022