The company has contracts with customers to sell the coal for $119 per tonne. Teck's copper unit still continues to deliver strong results. The company reported gross margins of 46% from copper in the third quarter. Copper prices have continued to slide and are trading below $3 per pound, but the market should start to improve in the second half of next year. Dividend stability Teck's $0.90 per share dividend now yields about 5.8%. The company recently said the distribution is safe, and I think investors can count on that to be true. Teck is still profitable and the company would eliminate its share-buyback plan before touching the dividend. Fort Hills Much of the recent weakness in the stock is due to Teck's 20% ownership of the Fort Hills oil sands development. Teck's capital commitment is almost $3 billion and the project is making investors nervous as oil prices hover below $60 per barrel. Fort Hills is expected to begin production in 2018.