Teck Resources responds to incident at Westshore Terminals Teck Resources announced that it is taking steps in response to impacts to coal shipping capacity at Westshore Terminals Limited following an incident that resulted in Berth 1 being out of commission for an unknown amount of time. Teck will continue to ship through Berth 2 at Westshore and will be shifting shipping capacity to Neptune Terminals and exploring options for moving additional tonnage to Pacific Coast Terminals and Ridley Terminals. Our preliminary assessment is that we will meet or exceed our sales guidance of 6.2M tonnes for the fourth quarter and, as there is inventory space available at Westshore, we do not expect this incident to have a material impact on coal production for the fourth quarter.
Teck Resources reports Q3 EPS C$0.14 vs. C$46 last year Reports Q3 revenue C$2.25B vs. $2.54B last year. Coal production was up 2% in the quarter compared with a year ago and on a year-to-date basis, production is 1M tonnes higher than a year ago. Coal sales of 6.7M tonnes in Q3 were the second highest on record for this period and follow record-high sales for the first half of 2014. All six coal mines reported positive cash margins in the quarter.