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Teck Resources Inks Coal Shipping Deal with Ridley Terminals

Coal News - Published on Thu, 09 Jan 2020

Image Source: Ridley Terminals
Teck Resources Ltd has announced an expanded commercial agreement with Ridley Terminals Inc for shipments of its steelmaking coal from Teck’s British Columbia operations. The agreement runs from January, 2021 to December, 2027 and increases contracted capacity from 3 million tonnes per annum to 6 million tonnes annually with an option for Teck to expand to 9 million tonnes annually. This will enable Teck to increase its shipment volumes through the Ridley terminal near Prince Rupert in BC to provide greater flexibility and improved performance within its overall steelmaking coal supply chain. The terms of the agreement are confidential.

Ridley Terminals is a Federal Crown Corporation, which owns and operates a marine bulk handling terminal on the west coast of British Columbia. The terminal has the ability to load vessels at rates of up to 9,000 tonnes per hour, unload cars at rates of up to 6,000 tonnes per hour and has an overall shipping capacity of 16 million tonnes.

This comes on the heels of a long-term rail agreement for shipping of steelmaking coal from Teck’s four British Columbia operations between Kamloops and Neptune Terminals, and other west coast ports. That agreement runs from April 2021 to December 2026, and will enable Teck to significantly increase shipment volumes through an expanded Neptune Terminals in North Vancouver in BC. The agreement also provides for investments by Canadian National Railway Co for more than CAD125 million to enhance the rail infrastructure and support increased shipment volumes to Neptune.

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Posted By : Yogender Pancholi on Thu, 09 Jan 2020
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