Teck Provides Steelmaking Coal Sales and Pricing Update
October 15 2023 - 10:19PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today provided unaudited third quarter 2023 steelmaking
coal sales volumes and realized prices.
Our third quarter steelmaking coal sales were 5.2 million
tonnes, below our guidance of 5.6 – 6.0 million tonnes due to
slower than anticipated supply chain recovery following the impacts
of B.C. wildfires and the labour disruption at B.C. ports, and
plant challenges. We implemented a plant improvement
initiative in the second and third quarter and are seeing improved
plant performance in the fourth quarter. The realized steelmaking
coal price in the third quarter averaged US$229 per tonne. We
expect to report a positive steelmaking coal provisional pricing
adjustment of $23 million in the third quarter.
Our third quarter 2023 financial results are scheduled for
release on October 24, 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. Learn more about
Teck at www.teck.com or follow @TeckResources.
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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