Teck provides metallurgical coal update

Toronto-listed Teck Resources said on Thursday that its third-quarter steelmaking coal sales were 5.6-million tonnes, which was within its revised guidance of 5.5-million to 5.9-million tonnes.

The realised steelmaking coal price, however, declined in the quarter, averaging $304/t. This would result in in negative provisional pricing adjustments of $191-million in the third quarter.