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Can’t rain on Elk Valley Bulls’ parade
Kids join in Jumpstart Day - Page 2 SPARWOOD
Alive After Five program - Page 14 COMMUNITY
Fernie chamber tradeshow - Page 20
SPORTS
Matt Hancox put in a great individual effort in the Elk Valley Bulls’ game against the Rocky Mountain Rogues on Saturday, May 30 — running two tries. For the full story and more photos turn to page 19. Photo by S. Kucharski
Teck coal operations to undergo temporary shutdowns Trail Razr hosted in Fernie - Page 19
ARTS
Sam Weber plays in Elk Valley - Page 11
By Katelyn Dingman Free Press Staff
T
eck Resources Ltd. will be implementing temporary shutdowns this summer in response to an oversupplied coal market and weak prices. According to an announcement made by the company on May 28, each of Teck’s six Western Canadian steelmaking coal operations, including the operations in the Elk Valley, will be shut down for approximately three weeks in the third quarter. The shutdowns will be staggered
over the summer months, with steelmaking coal operations temporarily closing for 20 days. A release issued by Teck said the shutdowns are in response to “changing coal market conditions.” “Rather than push incremental tonnes into an over-supplied market, we are taking a disciplined approach to managing our mine production in line with market conditions,” Teck President and CEO Don Lindsay said in a statement. “We will continue to focus on reducing costs and improving efficiency to ensure our mines are cash positive throughout the cycle and well-
positioned when markets improve.” Teck Resources Limited Senior Communications Specialist Chris Stannell noted that affected employees “will have the opportunity to utilize paid entitlements (e.g. vacation) or unpaid leave during the shutdowns.” In terms of how the shutdown will affect Teck’s co-op students, Stannell stated, “Teck’s co-op program will continue, and while some co-op students may be affected by the temporary shutdowns, we have confirmed that they will still receive full credit from their educational institutions.”
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Third quarter production will be reduced by approximately 1.5 million tonnes — a 25 per cent reduction for the quarter. The Teck release also noted that additional coal production adjustments may be implemented this year as “market conditions continue to evolve.” The company now estimates annual coal production to be at 25-26 million tonnes. Despite these temporary shutdowns, Teck maintained that the company will continue to meet all contracted and committed coal sales.
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