BRIEF-Weak steel-making coal conditions to persist - Teck Resources CEO

Thu Jul 24, 2014 11:50am EDT
 
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July 24 (Reuters) - Teck Resources Ltd

* Chief Executive Don Lindsay says steel-making coal market remains in oversupply despite production cuts in U.S., Australia

* Lindsay says about 20 mln tonnes of production cuts have been announced in steel-making coal market but only a fraction implemented yet

* Lindsay says bulk of coal production cuts will only take effect in early 2015, sees current market conditions persisting for "couple of quarters or longer" Source text for Eikon: Further company coverage: (Reporting by Nicole Mordant in Vancouver)