R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94
 
 
R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94
 
 
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Teck Resources lowers Q1 met coal sales guidance

12th March 2018 BY: Anine Kilian
Contributing Editor Online

JOHANNESBURG (miningweekly.com) – Canadian metals and mining company Teck Resources has lowered its metallurgical coal sales guidance for the first quarter of this year to six-million tonnes.

It had previously expected coal sales to be between 6.3-million and 6.5-million tonnes.

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“Sales continued to be adversely affected by logistics issues during the quarter, particularly ongoing poor performance at Westshore Terminals,” the company said in a statement on Friday.

Meanwhile, Teck also confirmed the restart of the coal dryer at its Elkview operations, which was damaged in a pressure event in January.

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“Commissioning is proceeding well and full commercial production is expected to resume early next week. Lost production owing to the pressure event is estimated to be approximately 200 000 t of clean coal and the cost of repairs to the dryer is estimated at less than $10-million.” 

EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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