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Teck Idling Coal Operations

Coal mining

CBJ – In the wake of a worldwide slump, Teck Resources plans to idle six Canadian operations in response to a slump in prices and demand.

The temporary shutdowns will take place in the third quarter in a move that will cut metallurgical coal production by about 1.5 million metric tons, or 22%, in the quarter.

“Additional coal production adjustments will be considered over the course of 2015 as market conditions continue to evolve,” Teck said in a prepared statement.

Teck Resoruces the world’s second- largest exporter of coal used in steelmaking.

@CanBizJournal

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