In light of ongoing strong spot prices for steelmaking coal, Teck expects a modest increase in the price per tonne. — Photo: Teck VANCOUVER, BRITISH
In light of ongoing strong spot prices for steelmaking coal, Teck expects a modest increase in the price per tonne. — Photo: Teck
VANCOUVER, BRITISH COLUMBIA—(Marketwired - Nov 23, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") provided an update to its coal guidance for the fourth quarter. In light of ongoing strong spot prices for steelmaking coal, Teck expects its average blended realized price for all of its steelmaking coal products in the fourth quarter of 2016 to be in the range of USD$200 to USD$205 per tonne. Teck had previously guided towards an average blended realized price for its highest quality coals and other coal grades below the USD$200 per tonne benchmark price reported for the highest quality steelmaking coal, consistent with historical blended realizations for all products. This guidance implied a blended realized price for all products of approximately USD$185. Guidance for sales volume remains unchanged at 6.5 million tonnes.
