Teck forecasts higher Q4 realised coal prices

Canadian diversified miner Teck Resources has increased its forecast realised prices for all tonnes of coal sold in the fourth quarter to a range $165/t to $170/t, the Vancouver-based miner said on Tuesday. The TSX- and NYSE-listed company advised that its realised price for the period is now expected to be 89% of the benchmark price that has been established at $191/t, however, it is still below Teck's average realised prices that usually track around 90% to 95% of the benchmark.