Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Teck Closing 6 Coal Mines in B.C. and Alberta for 3 Weeks

Posted May 29, 2015

Under Economic Issues, International Trade Issues

(Canadian Press)

Teck Resources Ltd. is temporarily shutting down its six Canadian steelmaking coal mines for three weeks due to weak market conditions.

The company said Thursday that the suspensions at its British Columbia and Alberta mines will be staggered over the summer months.

“Rather than push incremental tonnes into an over-supplied market, we are taking a disciplined approach to managing our mine production in line with market conditions,” Teck chief executive Don Lindsay said.

“We will continue to focus on reducing costs and improving efficiency to ensure our mines are cash positive throughout the cycle and well-positioned when markets improve.” Click here to read more.