Teck (TCK.A-T) announced Thursday May 28, 2015 that it was cutting its 3Q15 metallurgical or met coal production by 1.5 million tonnes (Mt) to 5.7 Mt, and that it expects to sell 6.0 to 6.5 Mt of met coal in the quarter, including some net stock sales. This is a cut of 22%. Teck will implement this curtailment by shutting down each of its coal plants for about three weeks in a staggered series of curtailments. Teck also somewhat ominously noted that "additional coal production adjustments will b ....
29 May 2015
TOP CUSTOMER TECK TO CUT COAL PRODUCTION 22% IN 3Q15, EPS IMPACT -$0.10
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TOP CUSTOMER TECK TO CUT COAL PRODUCTION 22% IN 3Q15, EPS IMPACT -$0.10
Canadian Pacific Kansas City Limited (CP:TSE) | 0 0 1.0% | Mkt Cap: 33,360m
- Published:
29 May 2015 -
Author:
Steven I. Paget -
Pages:
2
Teck (TCK.A-T) announced Thursday May 28, 2015 that it was cutting its 3Q15 metallurgical or met coal production by 1.5 million tonnes (Mt) to 5.7 Mt, and that it expects to sell 6.0 to 6.5 Mt of met coal in the quarter, including some net stock sales. This is a cut of 22%. Teck will implement this curtailment by shutting down each of its coal plants for about three weeks in a staggered series of curtailments. Teck also somewhat ominously noted that "additional coal production adjustments will b ....