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Teck Resources' July-Sept met coal output up 18% on year

ABSTRACT

Canadian miner Teck Resources produced 6 million tonnes of metallurgical coal during the July-September quarter, up 18% on year. The low base of Q3 last year notwithstanding, higher production last quarter saw the company "maximized utilization of available processing capacity to meet additional sales opportunities into China", it noted on October 27. Teck also completed a substantial proportion of its maintenance outages for the year during the quarter, it added.
Global demand for met coal stayed strong throughout the July-September quarter, supported by high steel prices across all markets, the company said. China's demand for seaborne met coal remains high, affected by the country's Australian coal import restrictions, reduced Mongolian coal imports impacted by the COVID-19 pandemic, and domestic supply

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