Teck updates metallurgical coal guidance
Published by Harleigh Hobbs,
Editor
World Coal,
Canadian mining and mineral developer Teck Resources has reported 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 realised price for all of its metallurgical coal products in the fourth quarter of 2016 to be in the range of US$200 – US$205/t.
Teck had previously guided towards an average blended realized price for its highest quality coals and other coal grades below the US$200/t benchmark price reported for the highest quality steelmaking coal, consistent with historical blended realisations for all products.
This guidance implied a blended realised price for all products of approximately US$185. The company’s guidance for sales volume remains unchanged at 6.5 million t.
Read the article online at: https://www.worldcoal.com/coal/25112016/teck-updates-metallurgical-coal-guidance/
You might also like
Electrification in Mining virtual conference
Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.
Industry veteran joins Arch Resources as Senior VP and COO
Arch Resources, Inc. has announced that George J. Schuller Jr has joined the company as Senior VP and COO, effective immediately.