Mar5, 2011 By Mining Weekly
Canada's biggest diversified miner, Teck Resources, has signed a new four-year agreement with Westshore Terminals to ship metallurgical coal from the company's British Columbia and Alberta mines through the export facility, sources reported.
The agreement, of which the commercial terms are confidential, covers the period from Apr 1, 2012, to Mar 31, 2016.
The new agreement contemplates Teck shipping 16 million tonnes coal in the initial contract year, and larger amounts in subsequent years when Teck's production is scheduled to increase, all at fixed rates through Westshore, the company said.
In Sep 2010, Teck lowered its coal sales forecast for the year, partly because of temporary capacity constraints at the Westshore Terminals export facility in the second half of the year.
Westshore is the top coal-export facility in Canada.
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