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Teck Resources swings to loss on C$2.2bn charge

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COAL
Canadian miner Teck Resources swung to a quarterly loss due to a C$2.2-billion asset impairment charge in its steel-making coal and other businesses. Average realised prices for coal fell 20% to $88/t in the third quarter, while average realised prices for copper fell 24.6% to $2.39/lb.
 
 
 
 
 

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