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Teck targets higher capacity, mine reopening

September 17, 2011 - 02:48 GMT Location: Pittsburgh

KEYWORDS: Teck Resources , metallurgical coal , Ron Vance , Quinette Mine

Teck Resources Ltd. is working to increase its metallurgical coal output to 30 million tonnes per year by 2013 by lifting capacity at currently operational mines and reopening one that has been idle for more than a decade.

The company is on track to produce between 23.5 million and 24.5 million tonnes of steelmaking coal this year. Teck is working to increase output at six southeastern British Columbia mines and restart its Quintette operation, adding 1,500 workers to meet those goals.

The Quintette Mine was shuttered in 2000, when met coal prices were at $40 to $45 a tonne, Vance said, compared with the $315-a-tonne benchmark price enjoyed during the second quarter of 2011. "Most...

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