Ridley Terminals signs multi-year agreement, looking to double capacity
Ridley Terminals today signed an agreement with US –based Arch Coal that will see the facility in Prince Rupert ship two million metric tonnes of coal in 2011 and 2.5 million metric tonnes of coal from 2012 through to 2015.
"RTI's vision is to provide value to its parent company and expand its role as a leading trade gateway between North American and world markets," said George Dorsey, president of Ridley Terminals.
“This agreement is a very important contract for the terminal. Arch Coal's guaranteed U.S. coal volumes will support our goal of doubling our capacity by 2015."
The contract comes just after Ridley Terminals shattered the previous record by shipping almost 8.3 million tonnes in 2010, almost doubling the throughput of 2009.