Teck Resources Limited
TSX : TCK.A
TSX : TCK.B
NYSE : TCK

Teck Resources Limited

January 19, 2011 07:45 ET

Teck Provides Coal Guidance

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2011) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported today on several issues that are expected to affect its coal sales during the first quarter of 2011. 

Adverse weather conditions in southeast British Columbia which started in December are expected to negatively affect production capacity in the first quarter. On January 17, CP issued notice of force majeure in respect of avalanche conditions in and around the Rogers Pass area of south-east BC which are impacting rail movement. In addition, as announced by Westshore Terminals on January 12th, a mechanical failure is expected to reduce its coal handling capacity at the port for at least two weeks. Weather is also causing delays in re-commissioning of the coal dryer at the Greenhills Mine and shipping of wet coal.

Based on information currently available, Teck expects first quarter coal sales in the range of 5.0 to 5.5 million tonnes, in comparison to 5.25 million tonnes in the first quarter of 2010. Planned sales for calendar 2011 are in the range of 24.5 to 25.5 million tonnes. The foregoing estimates assume no interruption of production due to labour disturbances, and a reasonably prompt resumption of normal levels of rail service. The collective agreement at the Elkview mine has expired and negotiations are ongoing. The collective agreement at Fording River expires on April 30, 2011.

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 (Ontario). The forward-looking statements in this news release include statements concerning the forecast coal production and sales of Teck.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, events arising out of risks relating to mine operations generally, risks of labour disturbances, and adverse weather and other factors that may affect transportation of coal.

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 U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

About Teck Resources

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 Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. www.teck.com

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