Teck Resources Ltd (TCK-B.TO) is set to close down nearly 3% at around $62.09, albeit off a day low $61.83, as it today reported on several issues that are expected to affect its coal sales during the first quarter of 2011. It said: "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.
