Teck Provides Steelmaking Coal Sales and Pricing Update
July 07 2022 - 7:00PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today provided unaudited second quarter 2022 steelmaking
coal sales volumes and realized prices.
Our realized second quarter steelmaking coal sales were 6.3
million tonnes, within our previously announced guidance of 6.3 –
6.7 million tonnes. Record steelmaking coal FOB prices
resulted in an increase in our average realized steelmaking coal
price in the second quarter to US$453 per tonne. We expect to
record provisional pricing adjustments of negative $73 million in
the quarter due to the decline in coal prices at quarter end.
Our second quarter 2022 financial results are scheduled for
release on July 27, 2022.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal, as well as investments in energy assets. Copper,
zinc and high-quality steelmaking coal are required for the
transition to a low-carbon world. Headquartered in Vancouver,
Canada, Teck’s shares are listed on the Toronto Stock Exchange
under the symbols TECK.A and TECK.B and the New York Stock Exchange
under the symbol TECK. Learn more about Teck
at www.teck.com or follow @TeckResources.
Teck Media ContactChris StannellPublic
Relations Manager604.699.4368chris.stannell@teck.com
Teck Investor Contact:Fraser PhillipsSenior
Vice President, Investor Relations & Strategic
Analysis604.699.4621fraser.phillips@teck.com
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