Coal news and updates

Lingering rail disruption impacts Teck's steelmaking coal sales in fourth quarter

Teck Resources, one of Canada’s leading mining companies, reported yesterday that rail service between west coast terminals and Teck’s B.C. operations remains impacted by recent heavy rains and flooding, with both CN and CP operating at reduced levels following service interruptions.

As a result of the rail disruption, primarily affecting shipments to Neptune and Westshore terminals in the Lower Mainland, the company said it now estimates its fourth quarter steelmaking coal sales at 5.2 – 5.7 million tonnes, compared to 6.4 – 6.8 million tonnes previously.

Importantly, Teck added it expects that when rail service is fully restored the company will be able to substantially recover delayed fourth quarter sales in the first half of 2022.

Additionally, the company said it now expects annual steelmaking coal production of 24.5 – 25.0 million tonnes, compared to its previous guidance following the wildfires in the third quarter of nearly 25 million tonnes.