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Westshore Terminals and Teck Resources extend coal shipping contract
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Friday, 21 Sep 2012
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It is reported that Coal port operator Westshore Terminals Investment Corp has reached an agreement with one of Canada largest miners to extend their shipping agreement.

The Vancouver based company said late Wednesday it has a deal with Teck Resources to extend their agreement for an additional five year term. It will now expire in April 2021. The contract will require Teck to ship coal volumes from its mines of no fewer than 16 million tonnes and up to 19 million tonnes per coal contract year all at fixed rates through Westshore.

Mr Denis Horgan general manager of Westshore Terminals Limited Partnership said "This agreement underscores the importance of the long term Teck-Westshore relationship and marks another important and positive step between the two organizations for future."

Source - Canadian Business

(www.coalguru.com)

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