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Westshore Terminals Signs Term Sheet with Teck Coal Limited

CNW Group - Tue Aug 25, 7:00PM CDT

Westshore Terminals Signs Term Sheet with Teck Coal Limited

Canada NewsWire

VANCOUVER, BC , Aug. 25, 2020 /CNW/ - Westshore Terminals Investment Corporation (TSX:WTE.TO) (the "Corporation") announced today that its wholly-owned subsidiary Westshore Terminals Limited Partnership has signed a term sheet with Teck Coal Limited to enter into a new contract for the shipment of coal following expiry of their current contract on March 31, 2021 .

The new contract will provide for the shipment of between 5 and 7 million tonnes of coal annually at fixed loading charges. The 5 to 7 million tonne range will apply for the 9 months April – December, 2021 and for each 12 month period (January – December) in subsequent years. Teck will be required to ship 32.25 million tonnes over the term of the new contract.

SOURCE Westshore Terminals Investment Corporation

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