Canadian coking coal producer Teck Resources has signed an expanded commercial agreement with port operator Ridley Terminals to double coking coal throughput capacity from the Prince Rupert, British Columbia export terminal.
The agreement will enable Teck to increase exports from Ridley from 3mn t/yr to 6mn t/yr for 2021-27, with an optional expansion to 9mn t/yr. Teck said that the agreement will allow it to be more versatile in its coking coal exports from Canada's west coast and improve performance throughout the supply chain.
Teck ships most of its coking coal output through Ridley Terminals and Neptune Bulk Terminals in Vancouver for export. The company's coking coal production guidance for 2019 was 25.5mn-26mn t.
The Canadian government agreed last year to sell the majority of Ridley Terminals to a company owned by US investment firms Riverstone and AMCI.
