Teck Resources Ltd. has signed a deal with Ridley Terminals Inc. that will allow it to increase shipments of steelmaking coal from its B.C. operations.
Ridley Terminals owns and operates the marine bulk handling terminal on Prince Rupert’s Ridley Island on B.C.’s north coast.
The agreement increases contracted capacity from three million tonnes per year to six million tonnes with an option for Teck to increase it up to nine million tonnes.
The new deal runs from January 2021 to December 2027. Financial terms of the agreement were not disclosed.
Vancouver-based Teck says the agreement will provide greater flexibility and improved performance within its overall steelmaking coal supply chain.
