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Teck Resources and CN Sign 5 Year Coking Coal Transport Pact

Coal News - Published on Fri, 06 Dec 2019

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CN and Teck Resources Limited announced a long-term rail agreement for shipping of steelmaking coal from Teck’s four BC operations between Kamloops and Neptune Terminals and other west coast ports. The agreement runs from April 2021 to December 2026, and will enable Teck to significantly increase shipment volumes through an expanded Neptune Terminals. The agreement also provides for investments by CN of more than CAD 125 million to enhance rail infrastructure and support increased shipment volumes to Neptune.

With this new agreement in place Teck and CN are committed to working together to move significant volumes of steelmaking coal to markets safely and efficiently.

The terms of this agreement are confidential.

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Posted By : Rabi Wangkhem on Fri, 06 Dec 2019
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