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By Shane Lasley
Mining News 

Teck profits from copper, coal

High copper and coal prices offset weak zinc prices and strong Canadian dollar; the major strikes deal to buy out B.C. coal partner

 

Last updated 8/31/2008 at Noon



Teck Cominco Ltd. reported that the second-quarter was highlighted by the strong performance of the Vancouver, B.C.-based major's copper division. Elk Valley Coal was also a large contributor, benefiting from the phase in of the 2008 coal year prices of $275 per ton, up from $93 per ton 2007 coal year prices. The strong copper and coal performance was offset somewhat by weak zinc prices and a s...



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