Teck Resources reports Elkview plant outage

Sep. 21, 2022 1:45 AM ETTeck Resources Limited (TECK), TCKRF, TECK.A:CA, TECK.B:CABy: Meghavi Singh, SA News Editor2 Comments
  • Teck Resources (NYSE:TECK) notifies that there has been a structural failure of the plant feed conveyor belt at its Elkview steelmaking coal operation in the Elk Valley of British Columbia.
  • Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented.
  • Elkview will reschedule planned plant maintenance to take advantage of plant downtime and mine operations will focus on pre-stripping during the outage.
  • Assuming a two-month suspension of plant operations, Teck expects the impact on 2022 steelmaking coal production will be in the range of 1.5 million tonnes.
  • Teck's third quarter steelmaking coal sales are now expected to be between 5.5 - 5.9 million tonnes versus our previously announced guidance range of 5.8 - 6.2 million tonnes.

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