Ongoing Issues with Port and Rail

Press Release Source: Teck Resources Limited On Monday March 14, 2011, 8:45 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2011) - Teck Resources Limited ("Teck", TCK.A and TCK.B, NYSE: TCK) announced today revised coal sales guidance for the first quarter of 2011. Sales have been affected by unusually difficult winter weather conditions, which have caused higher than normal rail delays due to avalanches, as well as an unusual number of locomotive power failures and train length restrictions due to cold weather. These weather related delays, together with two recent non-weather related derailments, and other mechanical issues have affected rail transport. In addition, operations at Neptune Terminals and Westshore Terminals have been affected by issues including high winds and mechanical failures. These issues have cumulatively affected coal transportation, restricting sales. The Elkview strike has not been a significant contributor to the reduction in sales as deliveries of Elkview coal from inventory continue, although slower rail loading times at Elkview have also affected rail cycle times. Teck and the union local representing the Elkview workforce commenced mediation on March 12 and mediation is ongoing.

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