Teck Resources signs understanding with Ridley Terminals to boost steelmaking spark shipments

Teck Resources Ltd. has sealed a understanding with Ridley Terminals Inc. that will concede it to boost shipments of steelmaking spark from a B.C. operations.

Ridley Terminals owns and operates a sea bulk doing depot at Prince Rupert’s Ridley Island on B.C.’s North Coast.

The agreement increases engaged ability from 3 million tonnes per year to 6 million tonnes with an choice for Teck to boost it adult to 9 million tonnes.

The new understanding runs from Jan 2021 to Dec 2027.

Financial terms of a agreement were not disclosed.

Vancouver-based Teck says a agreement will yield larger coherence and softened opening within a altogether steelmaking spark supply chain.

“This agreement with Ridley Terminals, in multiple with upgrades underway during the Neptune Terminal and the new agreement with CN, will minister to softened altogether opening via the steelmaking spark supply chain,” Teck arch executive Don Lindsay said.

“We are looking brazen to building on the clever operative attribute with RTI and new principal owners Riverstone-AMCI to safely and well ride the product to customers.”

Article source: https://www.cbc.ca/news/canada/british-columbia/teck-signs-deal-with-ridley-terminals-shipments-1.5419613?cmp=rss