BRIEF-Teck reports Q4 adj EPS C$0.40

Thu, 13 Feb - 8:09pm

Feb 13 (Reuters) - Teck Resources TCKb.TO :

* Reports unaudited fourth quarter results for 2013

* Q4 adjusted earnings per share C$0.40

* Q4 earnings per share view C$0.44 -- Thomson Reuters I/B/E/S

* Says revenues from operations were $2.4 billion in the fourth quarter

compared with $2.7 billion a year ago

* Forecast of approved capital expenditures for 2014 is expected to be

approximately $2.6 billion

* Says copper production in the fourth quarter was 105,000 tonnes, compared

with 103,000 tonnes a year ago

* Average copper grades in 2014 are expected to be similar to 2013, with lower

grades expected in the first half of the year

* Says coal production in the fourth quarter was 6.7 million tonnes, or 5%

higher than in the same period in 2012

* Says highland valley copper's production in 2014 is expected to be in the

range of 110,000 to 120,000 tonnes of copper

* Q4 revenue view C$2.31 billion -- Thomson Reuters I/B/E/S

* Says plan to produce 26 to 27 million tonnes of coal in 2014 compared with

current capacity of 28 million tonnes

* Work continues to progress on updating the permits for the existing

facilities for the supergene operation at quebrada blanca

* Says cash flow from operations, before working capital changes, was $636

million in Q4 compared with $862 million a year ago

* Submission of the social and environmental impact assessment for supergene

facilities at quebrada blanca is anticipated in Q2 2014

* Continuing contract discussions with coal customers and are also anticipating

selling additional tonnage on the spot market

* Quebrada blanca is evaluating ways to manage its exposure in connection with

commitments in light of permitting delays

* Expecting total sales for the first quarter of 2014 to be at least 6.3

million tonnes of coal

* Feasibility study was completed in the quarter on our relincho project

* Feasibility study concludes that developing a 173,000 tonnes-per-day

concentrator and associated facilities would cost approximately $4.5 billion

* Feasibility study concludes estimates relincho mine life of 21 years based on

mineral reserves

* Says given current economic conditions, no significant activities are planned

for relincho in 2014

* Source text for Eikon News Search ID:nMKWjwWZya

* Further company coverage TCKb.TO

((Bangalore Newsroom; +1 646 223 8780))

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