BULKS

Bad BC weather to impact Teck coal sales

Canada’s largest diversified miner Teck Resources says bad weather in British Columbia during most of January could impact March-quarter coal sales by up to one million tonnes.

Staff Reporter
Teck Resources says bad weather in British Columbia during January will impact March quarter sales

Teck Resources says bad weather in British Columbia during January will impact March quarter sales

Heavy rains and a blast of frigid Arctic air caused havoc on roads and railways across the province, resulting in rock and mud slides that have affected critical transport infrastructure.

The Vancouver-based company said the situation was compounded by ongoing heavy rains that delayed repair work.

The company now expects to record metallurgical coal sales for the quarter of 5.1-5.4Mt.

Additionally, Teck said high mine-site clean coal inventory levels were also expected to limit first-quarter coal production should the adverse weather conditions persist.

Separately, the company reported the raw coal feed belt at the Elkview mine suffered a mechanical failure which was expected to hinder raw coal processing through the plant for about two weeks.

It is implementing plans to supplement Elkview production from its other operations during the outage.

Teck is ramping up its production and export capacity from British Columbia to Pacific markets, after recently executing a series of agreements with terminal operators.

Teck controls 940Mt of coking coal reserves that can support 27Mtpa production for many years.

 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.