https://www.miningweekly.com

Teck narrowly misses coal sales target

11th April 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Canadian miner Teck Resources said on Monday that it had missed its first-quarter steelmaking coal sales guidance, but reported a positive pricing adjustment of C$88-million on record steelmaking coal prices.

The company reported first-quarter coal sales of six-million tonnes, slightly below the low end of its guidance of 6.1-million to 6.5-million tonnes for the first three months of the year. This was owing to the recent CP work stoppage that interrupted rail service to its coal operations in the Elk Valley of British Columbia.

Steelmaking coal prices continued a rally that started in late 2020, with prices breaching all-time highs. Teck realised a first-quarter average steelmaking coal price of $357/t.

Coal prices have reached record levels, resulting in Teck reporting an increase in its first-quarter average realised steelmaking coal price to $357/t.

The miner will post its quarterly financial results on April 27.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 1.186s - 128pq - 2rq
Subscribe Now