Teck and Ridley Terminals ink agreement to increase shipments

by Julie Matchett
Aerial view of the Ridley Terminal in Prince Rupert, B.C.

A new deal signed between Teck Resources Limited and Ridley Terminals Inc., will allow Teck to expand its steelmaking coal shipments to the B.C. coast. — Photo courtesy Ridley Terminals Inc.

An expanded commercial agreement between Vancouver-based Teck Resources Limited and Ridley Terminals Inc. will allow Teck to increase shipments of steelmaking coal from its B.C. operations.

The new deal is effective from January 2021 to December 2027 and increases contracted capacity from three million tonnes per year to six, with an option for Teck to extend that amount up to nine tonnes per annum.

Vancouver-based Teck Resources says the agreement will enable the company to provide greater flexibility and improve overall performance within its steelmaking coal supply chain.

Don Lindsay, president and CEO of Teck said, “We are looking forward to building on our strong working relationship with RTI and new principal owners Riverstone-AMCI to safely and efficiently transport our product to customers.”

“Teck is a long-time, valued customer of RTI,” said Marc Dulude, president and COO of Ridley Terminals Inc. “This agreement further solidifies our strong relationship and demonstrates our commitment to our customers to provide fast, efficient and reliable service. RTI is proud to be a part of Teck’s long-term development plan and vision.”

Financial terms of the agreement were not disclosed. 

Related articles

Business Beat, East Kootenay, Creston, Agriculture, Cuisine, Small Business Wynndel Craft Distilleries creates award-winning spirits in Creston Valley

Pat Meerholz, co-owner of Wynndel Craft Distilleries in Creston Valley, B.C., handcrafts award-winning brandy, gin, rum, vodka, liqueur and schnapps

by
Business Beat, West Kootenay, Salmo, Cuisine, Entertainment and Hospitality, Small Business Beer from Salmo’s new brewery is as natural as the water it’s made from

Colin Hango, owner of Erie Creek Brewing Company in Salmo, B.C., has created a family-owned and -operated nano brewery and lounge

by
Business Beat, East Kootenay, West Kootenay, Small Business Shop local and celebrate small business

Local businesses form the heart of any community. Has a local business gone above and beyond? Tell us about it.

by Julie Matchett
View all articles

Comments