As a result, the start of the Red Dog shipping season has been delayed. Teck currently expects that shipping from Red Dog will begin in approximately 7 days with one barge operational, and that repairs to the other barge will be completed in approximately 4 weeks. This will affect the timing of customer deliveries. Barring unforeseen severe weather conditions, Red Dog expects to ship all of its production during the shipping season, despite the mechanical incident.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (
These statements are based on a number of assumptions, including, but not limited to, assumptions regarding market conditions in the zinc markets, that repairs to the barges go as planned, that weather during the shipping season is broadly consistent with prior seasons, and that government action or other measures in response to the COVID-19 pandemic, or community opposition, do not limit operations at Red Dog, including by requiring additional preventative measures up to and including the suspension of operations, or through impacts on suppliers, customers or infrastructure providers. Factors that may cause actual results to vary include, but are not limited to, unanticipated delays in repairs or the availability of parts and supplies, there being further measures imposed by regulatory authorities or undertaken by Red Dog in response to risks posed by COVID-19 that impact or restrict operations or other parties, and adverse weather or other operating conditions.
Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the
About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in
Teck Media Contact:
Public Relations Manager
604.699.4368
chris.stannell@teck.com
Teck Investor Contact:
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com
Source:
2020 GlobeNewswire, Inc., source