Teck bullish on coal, but not enough to add production capacity

Teck Resources is bullish on steelmaking-coal prices, but not enough to add production capacity, said the head of Canada’s largest diversified miner. “I’m feeling excited,” Teck CEO Don Lindsay said Monday in a Bloomberg TV interview. “In the last 10 days we’ve seen a clear change in direction in coal prices,” with a surge in forward prices for the material that’s used to make steel, he said.