Coffee Sipping Big Board Stocks

[timhyma]

8:47 am Teck Resources says it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations (TCK) : The co announced it will be implementing temporary shutdowns in the third quarter at its six Canadian steelmaking coal operations in order to align production and inventories with changing coal market conditions. Each of Teck's steelmaking coal operations will be temporarily shut down for approximately three weeks in the quarter. Shutdowns will be staggered over the summer months among the operations. Teck will continue to meet all contracted and committed coal sales for its entire suite of products.

•Third quarter production will be reduced by approximately 1.5 million tonnes (Mt) to 5.7 Mt, a reduction of 22% for the quarter, with expected sales in the range of 6.0 - 6.5 Mt. Annual coal production is now estimated at 25 - 26 Mt.

•Guidance for unit operating and distribution costs for the year is unchanged.