April 20 (Reuters) - Teck Resources:
* Press release - Teck reports first quarter results for 2010
* Reports first quarter results for 2010
* Q1 earnings per share C$1.54
* Q1 revenue C$1.9 billion versus C$1.7 billion
* Says antamina expansion project cost forecast remains at US$1.3 billion
* Taking reasonable steps to maximize production levels in light of tight
market for steelmaking coal
* Have agreed on coal prices with the majority of customers for the quarter
that commenced April 1, 2010
* Transportation costs are expected to decline further beyond March 31, 2011
* Says to date, commitments on project are about $360 million and total
incurred costs are US$64 million
* Says project is expected to increase mill throughput by 38% to 130,000 tonnes
per day by late 2011 when completed
* Qtrly earnings included an after-tax gain of $587 million
* Says total debt balance was $5.8 billion at March 31, 2010
* Currently taking all reasonable steps to maximize production levels in light
of tight market for steelmaking coal
* Remainder of year expected to see benefit of increased copper production from
andacollo concentrate project
* Says planned capital expenditures for 2010 are approximately $1.05 billion
* Says may authorize further capital expenditures during the year
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Press release - Teck reports first quarter results for 2010
* Reports first quarter results for 2010
* Q1 earnings per share C$1.54
* Q1 revenue C$1.9 billion versus C$1.7 billion
* Says antamina expansion project cost forecast remains at US$1.3 billion
* Taking reasonable steps to maximize production levels in light of tight
market for steelmaking coal
* Have agreed on coal prices with the majority of customers for the quarter
that commenced April 1, 2010
* Transportation costs are expected to decline further beyond March 31, 2011
* Says to date, commitments on project are about $360 million and total
incurred costs are US$64 million
* Says project is expected to increase mill throughput by 38% to 130,000 tonnes
per day by late 2011 when completed
* Qtrly earnings included an after-tax gain of $587 million
* Says total debt balance was $5.8 billion at March 31, 2010
* Currently taking all reasonable steps to maximize production levels in light
of tight market for steelmaking coal
* Remainder of year expected to see benefit of increased copper production from
andacollo concentrate project
* Says planned capital expenditures for 2010 are approximately $1.05 billion
* Says may authorize further capital expenditures during the year
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.