Teck Assets chopping steelmaking coal gross sales steerage after gear failure – Enterprise Information

Teck cuts coal steerage

The Canadian Press – | Story: 386223

Teck Assets Ltd. is chopping its steelmaking coal gross sales steerage after an gear failure at its Elkview operation in B.C. and a strike at Westshore Terminals.

The Vancouver-based miner says it now expects its third-quarter steelmaking coal gross sales to be between 5.5 million and 5.9 million tonnes in contrast with earlier steerage for between 5.8 million and 6.2 million tonnes.

The corporate says there was a “structural failure” of the plant feed conveyor belt.

Preliminary estimates are that manufacturing at Elkview operations can be interrupted for one to 2 months whereas the repairs are made.

Teck estimated that if the suspension lasts two months that the impression on 2022 steelmaking coal manufacturing can be within the vary of 1.5 million tonnes.

The corporate say Elkview will reschedule deliberate plant upkeep to make the most of plant downtime and mine operations will concentrate on pre-stripping throughout the outage.

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