The proposed agreement will provide for the shipment of between 5 – 7 million tpy at fixed loading charges. The 5 – 7 million t 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 t under the agreement.
The proposed agreement with Westshore complements upgrades underway at Neptune Terminals and capacity at Ridley Terminals. Together, 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.
The proposed agreement is subject to definitive documentation, and the financial terms of the agreement will not be made public.
