The company now expects to produce 23.5 to 25 million metric tons (mt) in 2010 and is actively planning for further production increases in 2011 and 2012. “Our coal team is focused on near term expansion opportunities in light of the tight market that we expect for high quality hard coking coal,” said Don Lindsay, president and CEO, Teck. “We are fortunate to be able to add production with relatively small incremental capital.” While capital budgets are still under review, Teck expects its overall capital spending for all businesses in 2010 to be in line with total capital spending in 2009. Teck is currently forecasting coal production of 20 million mt and sales of 19.5 to 20 million mt for 2009.
