https://newsletter.mw.creamermedia.com
Coal|Financial|Mining|Resources|supply-chain
Coal|Financial|Mining|Resources|supply-chain
coal|financial|mining|resources|supply chain

Teck third-quarter coal sales fall below guidance

16th October 2023

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

Diversified miner Teck Resources says its third-quarter steelmaking coal sales were below its guidance, citing a slower-than-anticipated supply chain recovery following the impacts of the British Columbia wildfires and port disruptions, as well as plant challenges.

The TSX- and NYSE-listed mining firm reported coal sales of 5.2-million tonnes during the September quarter, compared with its guidance of 5.6-million to 6-million tonnes.

“We implemented a plant improvement initiative in the second and third quarters and are seeing improved plant performance in the fourth quarter,” Teck stated.

The company said it should report a positive steelmaking coal provisional pricing adjustment of C$23-million in the third quarter. The realised steelmaking coal price in the third quarter averaged $22/t.

The firm, which is weighing potential deals for its steelmaking coal unit, is set to report its financial results on October 24.

Edited by Creamer Media Reporter

Comments

 

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Carlisle TyrFil
Carlisle TyrFil

Flatproofing tire technology engineered to perform in extreme mining environments.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 22 August 2025
Magazine round up | 22 August 2025
22nd August 2025

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:0.109 0.182s - 143pq - 2rq
Subscribe Now