Teck lowers coking guidance, plans terminal outage

摘要

Teck Resources battled everything from logistics nightmares, typically bad Canadian winter weather, coronavirus impacts and dropping coking coal prices on its way to a bumpy finish to 2019 and rough start to 2020. Significantly, Teck plans a five-month, May-September 2020 suspension of operations at its Neptune Bulk Terminals in Vancouver, British Columbia, for upgrades. Teck is coordinating this outage “in order to match port capacity with reduced production and improve productivity and safety as we advance construction,” the company stated Thursday (20 February).