Teck Resources provided unaudited Q3 steelmaking coal sales volumes and realized prices. The company said, “Our third quarter steelmaking coal sales were 5.2 million tonnes, below our guidance of 5.6 – 6.0 million tonnes due to slower than anticipated supply chain recovery following the impacts of B.C. wildfires and the labour disruption at B.C. ports, and plant challenges. We implemented a plant improvement initiative in the second and third quarter and are seeing improved plant performance in the fourth quarter. The realized steelmaking coal price in the third quarter averaged US$229 per tonne. We expect to report a positive steelmaking coal provisional pricing adjustment of $23 million in the third quarter. Our third quarter 2023 financial results are scheduled for release on October 24, 2023.”
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