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Teck Resources May Go Lower after Failing to Provide Production Guidance Update on Greenhills

Teck Resources Limited (TCK.B) provided an additional update on the incident at its Greenhills mine coal dryer building.

Greenhills has been shipping raw coal to Fording River since July 2, 2010.

"The combined impacts of shipping raw coal from Greenhills to Fording for processing and shipping wet coal from Greenhills will significantly reduce the impact on production. At this point Teck does not have an update on production guidance for the year until the timing associated with the various steps is better defined," the company said in a statement.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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