Teck Provides Steelmaking Coal Sales and Pricing Update
January 10 2023 - 8:10PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today provided unaudited fourth quarter 2022 steelmaking
coal sales volumes and realized prices.
Our fourth quarter steelmaking coal sales were 4.3 million
tonnes, below previously disclosed guidance of 5.0 – 5.4 million
tonnes. Extreme cold weather during December across western
Canada negatively impacted rail performance, rail car unloading and
overall port performance, resulting in sales volumes below
expectations.
The realized steelmaking coal price in the fourth quarter
averaged US$278 per tonne. We expect to report provisional pricing
adjustments of negative $10 million in the fourth quarter.
Our fourth quarter 2022 financial results are scheduled for
release on February 21, 2023.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK.
Teck Investor ContactFraser PhillipsSenior Vice
President, Investor Relations & Strategic
Analysis604.699.4621fraser.phillips@teck.com
Teck Media ContactChris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
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