Articles Tagged "coal prices"

Teck to Slow Reopening of Quintette Coal Mine as Prices Fall

Teck Resources Ltd. (TSX:TCK.A,NYSE:TCK) released its unaudited results for the second quarter of 2013, noting that its adjusted profit came in at $197 million, down from $398 million in 2012. Don Lindsay, president and CEO of the company, commented that prices for Teck's products, particularly steelmaking coal, have continued to weaken; as a result, it is "slowing" the reopening of the Quintette coal mine.