Teck posts record coking coal sales

Oct 25, 2013 | 01:04 PM | Stacy Irish

Tags  Teck Resources, coking coal, coal sales, Stacy Irish

NEW YORK — Canadian diversified miner Teck Resources Ltd.’s third-quarter results were boosted by record sales of metallurgical coal.

"Our steelmaking coal sales of 7.6 million tonnes set a quarterly record, and demand from customers is strong. However, the current price for steelmaking coal remains below what we believe is required to sustain adequate production in the industry in the long term," president and chief executive officer Don Lindsay said. "With....

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