Tag: Canada Coal Production
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Canada: Teck Resources’ Earnings Weighted Down by Decline in Coal Prices
Teck Resources, a diversified natural resources company headquartered in Vancouver-Canada, has reported a drastic slump in profit earned from its steel-making (coking) coal business during the fourth quarter of CY19. Company’s gross profit during Q4 CY19 decreased to Canadian Dollar (CAD) 241 Million compared with CAD 819 Million a year ago. While, net profit before…