Teck's copper profits seen outstripping coal in 4th qtr.
Dec 08, 2009 | 10:38 AM
| Anne Riley
Teck Resources Ltd. might see larger fourth-quarter operating profits in copper than in coal, a marked change from profit distribution in the third quarter, in which coal represented 59 percent of profits vs. copper's mere 28-percent share.
"We do have a high-growth copper business and we think actually around this quarter, copper and coal should be fairly equal. Copper could well have larger operating profits than coal," Don Lindsay, Teck's president and chief executive officer, told the Desjardins Basic Materials Conference in Montreal on Tuesday.....
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