Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) forecasts lower coal sales, higher costs

Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) forecasts lower coal sales, higher costs

VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) warned on Monday June 20, 2011 that its Q2 coal sales would be at the low-end of its forecast range as Japanese clients have deferred shipments following the earthquake and tsunami.

Vancouver-based Teck also said it expects the average selling price for coal in the period to be lower than previously forecast and that production costs this year would be higher than expected.

Teck, one of the world’s largest exporters of metallurgical coal, used in the manufacture of steel, previously cut its full-year coal sales forecast in March because of a strike at its Elkview coal mine in British Columbia.

The latest warning sent shares of Teck down 2.5 percent, or C$1.10, to C$42.56 on the Toronto Stock Exchange, and down $1.12 to $43.49 on the New York Stock Exchange.

Teck’s coal sales this year have also been hit by shipping issues and weather-related disruptions. Shares of the diversified miner have fallen roughly 30 percent year-to-date on the TSX and the NYSE.

The company is expected to announce its second-quarter results on July 28.

NEW FORECAST

Teck said it now expects coal sales in the second-quarter to be at the low end of its previously announced range of 5.5 million to 6 million tonnes.

The company also said it expects coal production costs this year to be in the range of $71 to $76 a tonne, due to one-time costs related to labor settlements and higher than expected costs for external mining contractors and diesel.

Teck had earlier forecast coal productions costs of $63 to $67 a tonne for 2011.

The company expects second-quarter production costs of $80 to $84 per tonne, with costs trending lower in the third and fourth quarter as coal volumes increase.

It also expects lower average selling prices in the second-quarter at about $270 a tonne, down from its prior outlook of $280 to $290 per tonne.

Teck said that deferred sales to Japanese customers have skewed the mix of its coal sales toward more low quality coal in the quarter and this in turn has hurt its average selling price.

In April, Teck said it expected the earthquake and tsunami in Japan to have a minimal impact on coal, copper and zinc sales within the country.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) forecasts lower coal sales, higher costs

VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) warned on Monday June 20, 2011 that its Q2 coal sales would be at the low-end of its forecast range as Japanese clients have deferred shipments following the earthquake and tsunami.

Vancouver-based Teck also said it expects the average selling price for coal in the period to be lower than previously forecast and that production costs this year would be higher than expected.

Teck, one of the world’s largest exporters of metallurgical coal, used in the manufacture of steel, previously cut its full-year coal sales forecast in March because of a strike at its Elkview coal mine in British Columbia.

The latest warning sent shares of Teck down 2.5 percent, or C$1.10, to C$42.56 on the Toronto Stock Exchange, and down $1.12 to $43.49 on the New York Stock Exchange.

Teck’s coal sales this year have also been hit by shipping issues and weather-related disruptions. Shares of the diversified miner have fallen roughly 30 percent year-to-date on the TSX and the NYSE.

The company is expected to announce its second-quarter results on July 28.

NEW FORECAST

Teck said it now expects coal sales in the second-quarter to be at the low end of its previously announced range of 5.5 million to 6 million tonnes.

The company also said it expects coal production costs this year to be in the range of $71 to $76 a tonne, due to one-time costs related to labor settlements and higher than expected costs for external mining contractors and diesel.

Teck had earlier forecast coal productions costs of $63 to $67 a tonne for 2011.

The company expects second-quarter production costs of $80 to $84 per tonne, with costs trending lower in the third and fourth quarter as coal volumes increase.

It also expects lower average selling prices in the second-quarter at about $270 a tonne, down from its prior outlook of $280 to $290 per tonne.

Teck said that deferred sales to Japanese customers have skewed the mix of its coal sales toward more low quality coal in the quarter and this in turn has hurt its average selling price.

In April, Teck said it expected the earthquake and tsunami in Japan to have a minimal impact on coal, copper and zinc sales within the country.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) forecasts lower coal sales, higher costs

VANCOUVER, BC (June 21, 2011) Dominion Lending Centres Clearlease Reports Teck Resources (TSX: TCK.A, TCK.B, NYSE: TCK) warned on Monday June 20, 2011 that its Q2 coal sales would be at the low-end of its forecast range as Japanese clients have deferred shipments following the earthquake and tsunami.

Vancouver-based Teck also said it expects the average selling price for coal in the period to be lower than previously forecast and that production costs this year would be higher than expected.

Teck, one of the world’s largest exporters of metallurgical coal, used in the manufacture of steel, previously cut its full-year coal sales forecast in March because of a strike at its Elkview coal mine in British Columbia.

The latest warning sent shares of Teck down 2.5 percent, or C$1.10, to C$42.56 on the Toronto Stock Exchange, and down $1.12 to $43.49 on the New York Stock Exchange.

Teck’s coal sales this year have also been hit by shipping issues and weather-related disruptions. Shares of the diversified miner have fallen roughly 30 percent year-to-date on the TSX and the NYSE.

The company is expected to announce its second-quarter results on July 28.

NEW FORECAST

Teck said it now expects coal sales in the second-quarter to be at the low end of its previously announced range of 5.5 million to 6 million tonnes.

The company also said it expects coal production costs this year to be in the range of $71 to $76 a tonne, due to one-time costs related to labor settlements and higher than expected costs for external mining contractors and diesel.

Teck had earlier forecast coal productions costs of $63 to $67 a tonne for 2011.

The company expects second-quarter production costs of $80 to $84 per tonne, with costs trending lower in the third and fourth quarter as coal volumes increase.

It also expects lower average selling prices in the second-quarter at about $270 a tonne, down from its prior outlook of $280 to $290 per tonne.

Teck said that deferred sales to Japanese customers have skewed the mix of its coal sales toward more low quality coal in the quarter and this in turn has hurt its average selling price.

In April, Teck said it expected the earthquake and tsunami in Japan to have a minimal impact on coal, copper and zinc sales within the country.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk




Site Map | Privacy Policy | XML Sitemap | Terms of Use | Equipment Lease Financing RSS Feed

© Copyright 2015 - Clearlease.com - Independently Owned & Operated
All trademarks are the property of their respective owners. All Rights Reserved.
This is not a commitment to lend. Home mortgages are subject to underwriting review and approval. This is a free no obligation service.
Yahoo®, Google®, Bing ® are trademarks of their respective owners.
REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
The MLS® is a Trademark of Multiple Listing Service, Inc.
All Commercial Mortgage and Residential Mortgage Loan Applications are processed by Dominion Lending Centres Commercial Capital Inc.
DLC® is a Trademark of Dominion Lending Centres, Inc.
All Automobile Loan & Lease Applications are funded by the Funder.
No part of this content, data or information included herein may be reproduced, republished or redistributed.


Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver
Vancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote VancouverVancouver Mortgage Leads - Residential Mortgage Leads Venacouver - FREE Mortgage Quote Vancouver