Canadian National Rail inks deal with Teck Resources to ship steelmaking coal
2019-12-06 11:58:52 [Print]
Canadian National Railway Co. said on Wednesday it has entered a long-term deal to ship steelmaking coal from some of Teck Resources Ltd.'s operations in British Columbia.
Under the terms of deal, Canadian National Railway will ship steelmaking coal from four of Teck Resources' operations in the province, between Kamloops and Neptune terminals, and other west coast ports.
Canadian National Railway, the country's largest railroad said it would also invest more than C$125 million ($93.98 million) to improve rail infrastructure and support increased shipment volumes to the Neptune facility.
The deal will begin from April 2021 and runs through December 2026.
Under the terms of deal, Canadian National Railway will ship steelmaking coal from four of Teck Resources' operations in the province, between Kamloops and Neptune terminals, and other west coast ports.
Canadian National Railway, the country's largest railroad said it would also invest more than C$125 million ($93.98 million) to improve rail infrastructure and support increased shipment volumes to the Neptune facility.
The deal will begin from April 2021 and runs through December 2026.
