The new agreement contemplates Teck shipping 2.5 million metric tons (mt) of coal per year throughout the contract period, and is a successor to an existing agreement expiring at the end of 2014, which allows Teck to ship up to 1.2 million mt in 2011 and 2012, and up to 4.2 million mt in 2013 and 2014 pending the re start of Teck’s Quintette operation. An additional existing agreement allows 500,000 mtpy to be shipped through February 28, 2021. This agreement, now in place between Teck and Ridley Terminals, will provide Teck with sufficient export capacity for the anticipated mine output of the Quintette mine in northeast BC, subject to the re-start of the mine.
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