Ridley Terminals and Peace River Coal sign long-term agreement.

RTI signs deal with Peace River Coal as Peace River’s new owners looks to grow the business

On October 5 Ridley Terminals and Peace River Coal announced a new long-term agreement that will see coal from the northeast moving through Prince Rupert.

On October 5 Ridley Terminals and Peace River Coal announced a new long-term agreement that will see coal from the northeast moving through Prince Rupert.

The deal runs until December 31, 2021, with an optional five year extension. While the specific tonnage isn’t being made available, Ridley Terminals chair Bud Smith notes that the volume under the new agreement will grow from what is presently being shipped and that can only be good news for Prince Rupert.

The Anglo agreement is important to RTI because it provides predictable volumes well into the future. Predictable volumes enable us to plan for new capacity. New capacity means more jobs at Prince Rupert,” he said, adding that the benefits extend beyond the North Coast.

Importantly this agreement also provides communities in northeastern BC with confidence to makes municipal plans knowing Anglo has made a long term commitment for capacity at RTI. Growth in shipping capacity at RTI in Prince Rupert will result in new jobs being created at northeast BC mines.”

The same day as the new long-term deal was announced, international mining giant Anglo American announced that it had completed negotiations to take 100 per cent ownership of the company in a deal valued at $166 million US. And company CEO Seamus French said they plan on growing the BC business going forward.

We see significant resource upside and plan to invest in further exploration studies to ascertain its full long term potential. In the near term, we will be progressing a feasibility study to increase production from one Mtpa (million tonnes per annum) to 3.5 Mtpa by 2015,” he said.

Just Posted

UPDATE: Man hit over the head with a hatchet released from hospital

Prince Rupert RCMP have been in a standoff with a violent suspect since the early morning

Equality and more jobs in coal terminal’s future

Ridley Terminals Inc. shipments out of Prince Rupert increased by 90 per cent in 2017

Squatters’ campfire leads to emergency response

Prince Rupert fire crews responded to smoke near Roosevelt Elementary School on July 17

CMTN First Nations Fine Arts program offers new advanced diploma

The 10-month program will focus on enhancing jewellery, sculpture and marketing skills

North Coast fishing grounds key to orca recovery: DFO

Plan marks waters from Langara to Rose Spit as critical habitat for northern resident killer whales

Community garden in Prince Rupert takes shape

Transition Prince Rupert lays foundation for shared edible garden on Overlook

Newspaper carriers wanted!

Contact The Northern View today to find out how you can become a part of our team

14-year-old pilot attempts to break Guinness World Record at B.C. airport

Mohd Shaikhsorab wants to become youngest pilot with fewest hours logged to fly solo

Price no guarantee for safety with horse riding helmets: new report

A Swedish insurance report reveals that many brands of equestrian helmets do not protect riders as well as they could.

One year later: Still no suspects in killing of 13-year-old B.C. girl

Marrisa Shen was killed in Burnaby’s Central Park on July 18, 2017

BC Games opening ceremonies promise to be magical

Features Shane Koyczan and his band, Asani, parade of athletes, and lots more

VIDEO: Toronto Raptors send DeMar DeRozan to Spurs in colossal NBA trade

Toronto also sent Jakob Poeltl and 2019 first-round pick, gets Kawhi Leonard and Danny Green

More lightning forecast as storm sparks 38 new wildfires in B.C.

22 new fires in are burning in the Kamloops Fire Centre according to the BC Wildfire Service.

Most Read