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.
News For TCK From The Last 14 Days
Check below for free stories on TCK the last two weeks.
Morgan Stanley not a buyer of Freeport McMoRan and Teck Resources Morgan Stanley said mining stocks fell on weakn China FAI and IP data and would not be a buyer of Freeport McMoRan (FCX) and Teck Resources (TCK) until there are indications of a demand rebound. Shares of Freeport McMoRan and Teck Resources are both Equal Weight rated.