Im happy Prospekt with trying to get something moving with questions and thanks so much Neofight for going and responding back....It sure would be great to see if we could get it recorded so others that can not attend listen to it later.
As for the responces I am reading, seems that many here all ready know what the answers will be from past preformance of managment.
Anyways....a little tid bit I came across....might mean nothing but COULD be that Teck might want to keep money for CUU...just say`in.
Shifting into a lower gear
Teck Resources provides another example of cost savings. The company has decided to slow down some of its growth projects, including its Quintette mine reopening and phase two of its Quebrada Blanca expansion project. These projects, one of which is in the coal arena and the other in the copper space, aren't canceled, they are just on hold until their respective markets improve.
These moves, plus other cost savings measures, have allowed Teck to put in place measures that it believes will save it around $220 million a year. And it's eyeing another $30 million before reaching its original goal of $250 million.
Ready for the upturn
As these companies reduce their spending and streamline their operations, they are becoming leaner and meaner competitors. While that's a necessity to keep profits flowing today, when demand and pricing pick up it will be a recipe for fatter profits. And, as demand increases, Rio, BHP, Teck, and Vale all have the capacity to expand operations to sell more of their mined products.