Struggling economic conditions worldwide appear to be catching up to the coal production sector, with two Canadian operators thus far planning to make adjustments to deal with declining demand, while another holds out hope that it can outlast the uncertainty. TeckComincoLimited (TCK) said it plans to reduce its global workforce by about 1,400 positions or 13% as well as cut output to 20 million tonnes as part of its broader strategy to reduce costs and bolster competitiveness, due to "persistently weak commodity prices" and declining global steel demand. Meanwhile, Grande Cache Coal Corporation (GCCC) said that as a result of shipping deferrals by some customers in the first quarter, it anticipated sales for the fiscal year ending March 31,2009 are now expected to be in the range of 1.1 million to 1.3 million tonnes, down from the 1.5 million to 1.65 million tonnes previously estimated.
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