Teck Resources cutting steelmaking coal sales guidance after equipment failure

VANCOUVER — Teck Resources Ltd. is cutting its steelmaking coal sales guidance after an equipment failure at its Elkview operation in B.C. and a strike at Westshore Terminals.

The Vancouver-based miner says it now expects its third-quarter steelmaking coal sales to be between 5.5 million and 5.9 million tonnes compared with earlier guidance for between 5.8 million and 6.2 million tonnes.

The company says there was a “structural failure” of the plant feed conveyor belt.

Initial estimates are that production at Elkview operations will be interrupted for one to two months while the repairs are made.