- Write by:
-
Tuesday, September 1, 2020 - 4:42:31 PM
-
607 Visit
-
Print
Mining News Pro - Teck Resources announced it has signed a non-binding term sheet reflecting an agreement in principle with Westshore Terminals Limited Partnership on proposed terms for the shipment of steelmaking coal following expiry of the current contract on March 31, 2021.
The proposed agreement will provide for the shipment of between 5 and 7 million tonnes annually at fixed loading charges. The 5 to 7 million tonne range will apply for the 9 months from April – December 2021 and for each 12-month period (January – December) in subsequent years until the contract volume is concluded.
Teck will ship 32.25 million tonnes under the agreement.
The proposed agreement with Westshore complements upgrades underway at Neptune Terminals in North Vancouver and capacity at Ridley Terminals in Prince Rupert.
These will provide greater flexibility and optionality for Teck shipments and contribute to reduced costs and improved performance and reliability throughout the company’s steelmaking coal supply chain, Teck said.
Short Link:
https://www.miningnews.ir/En/News/592887
Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the ...
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of ...
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains ...
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Ucore Rate Metals (TSXV: UCU) has deemed a 26-tonne sample of mixed rare earth carbonate (MREC) from the Wicheeda mine ...
No comments have been posted yet ...