Saturday, July 12, 2025

Latest

Teck Resources Sees Steelmaking Coal Facility Halt Production Following Equipment Failure

Teck Resources (TSX: TECK.A, TECK.B) late last night announced an operational hiccup to its steelmaking coal operation in British Colombia, referred to as Elkview. The facility has seen certain structural failures that will take the facility offline for a period of time.

The company has indicated that a structural failure occurred on the plant feed conveyor belt, with initial estimates stating that production will be interrupted for up to two months as repairs are undertaken. While it will interrupt the firms guidance, the company is being strategic about the downtime, with planned plant maintenance now set to occur in the interim, while the mine itself will focus on pre-stripping during the outage.

The downtime is expected to reduce the plants annual steelmaking coal production by 1.5 million tonnes. As a result, third quarter steelmaking coal sales have seen their guidance reduced to 5.5 to 5.9 million tonnes, versus the prior guidance which had a range of 5.8 to 6.2 million tonnes.

The Elkview Operation is one of four steelmaking coal operations that is operated by Teck in the Elk Valley. The operation is one of the largest in the Valley for Teck, with annual production having a capacity of 9.0 million tonnes.

Teck Resources Class B shares last traded at $43.20 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Teck Sells Off Coal Unit, With Glencore Taking Majority Stake For US$6.9 Billion

Glencore has won the battle. Teck Resources (TSX: TECK.B) early this morning indicated that it...

Tuesday, November 14, 2023, 12:51:00 PM

Teck Resources Q1 Earnings: Defying Copper Industry Weakness

Yesterday in our coverage of First Quantum Mining’s business we said it was a terrible...

Sunday, April 27, 2025, 04:40:00 PM

Petition Calls For BC Government To Go After Teck Resources

An organization called Save Elk River has started an online petition to urge the British...

Thursday, January 5, 2023, 10:21:00 AM

Pierre Lassonde Isn’t Too Happy About the Teck-Glencore Deal

Veteran mining entrepreneur Pierre Lassonde expressed his bewilderment at Teck Resources’s recent decision to sell...

Friday, November 17, 2023, 11:02:00 AM

Teck Resources Granted Approval For US$6.9 Billion Sale Of Steelmaking Coal Unit

Teck Resources (TSX: TECK.B) has finally secured regulatory approval for the sale of its steelmaking...

Friday, July 5, 2024, 08:38:50 AM