Tag: Coking Coal Production
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Canada: Teck Resources Cut Capital Expenditure for Coal Operations amid Lower Prices
Canada’s largest diversified resources company- Teck Resources has trimmed its capital expenditure envisaged for coal mining operations. The company had accounted declining coal prices for the slowdown as it deferred planned capital expenditure by an additional 70 Million CAD (Canadian Dollar) from the previous guidance. It was noted that capital expenditure now stands at 830…