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BRIEF-Teck Provides Q1 2020 Steelmaking Coal Sales Update

Published 2020-02-05, 06:13 p/m
BRIEF-Teck Provides Q1 2020 Steelmaking Coal Sales Update
TECK
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Teck Resources Ltd TECKb.TO :

* TECK PROVIDES Q1 2020 STEELMAKING COAL SALES UPDATE

* TECK RESOURCES - STEELMAKING COAL SALES FOR Q1 ARE BEING AFFECTED BY BAD WEATHER IN BRITISH COLUMBIA CAUSING RAIL AND TERMINAL PERFORMANCE ISSUES

* TECK RESOURCES LTD- SEES ESTIMATED IMPACT ON Q1 SALES ABOUT 1 MILLION TONNES, RESULTING IN SALES IN QUARTER OF 5.1 TO 5.4 MILLION TONNES

* TECK RESOURCES LTD - HIGH MINE SITE CLEAN COAL INVENTORY LEVELS ARE ALSO EXPECTED TO LIMIT Q1 COAL PRODUCTION IF WEATHER CONDITIONS DO NOT IMPROVE

* TECK RESOURCES LTD - IMPLEMENTING PLANS TO SUPPLEMENT ELKVIEW PRODUCTION FROM ITS OTHER OPERATIONS DURING THIS OUTAGE

* TECK RESOURCES- RAW COAL FEED BELT AT ELKVIEW MINE SAW A MECHANICAL FAILURE THAT IS EXPECTED TO PREVENT RAW COAL PROCESSING FOR ABOUT 2 WEEKS

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