School of Policy Studies

School of Policy Studies
School of Policy Studies

Teck Resources cutting B.C. jobs after price of coal plunges

October 9, 2019

CBC Online News, with comments by Warren Mabee, Director and Associate Dean, School of Policy Studies, Queen's University

Coal workers in British Columbia are bracing for leaner times.

The price of metallurgical coal, which is used to make steel, has fallen by about 40 per cent since the summer and Teck Resources, which operates four mines in the province's Elk Valley region, is warning employees there will be layoffs.

In a letter dated Sept. 26 from Robin Sheremeta, Teck's senior vice president of coal, to all employees at the four operations, the company noted the price of coal had dropped from approximately $210 per tonne to about $130 per tonne in a few weeks.

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