Teck Resources reports quarterly loss on C$2.2 bln charge

Thu Oct 22, 2015 5:14am EDT
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Oct 22 (Reuters) - Canadian miner Teck Resources Ltd reported a quarterly loss due to an asset impairment charge in its steel-making coal business.

The company, the largest producer of steel-making coal in North America, reported a net loss attributable to shareholders of C$2.1 billion ($1.60 billion), or C$3.73 per share, in the three months to end-September. That compared with earnings of C$84 million, or 14 Canadian cents a share, in the same period a year earlier.

Teck took a non-cash after-tax impairment charge of C$2.2 billion in the third quarter.

($1 = 1.3111 Canadian dollars) (Reporting by Nicole Mordant in Vancouver and Anannya Pramanick in Bengaluru; Editing by Sunil Nair)