Ridley Terminals Inc.

Ridley Terminals Inc.
Peace River Coal Inc.

Peace River Coal Inc.
Anglo American plc

Anglo American plc

October 05, 2011 18:19 ET

Anglo American and Ridley Terminals Conclude Agreement

PRINCE RUPERT, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2011) - Ridley Terminals Inc. (RTI) and Peace River Coal Inc. (PRC), a subsidiary of Anglo American plc, announced today that they have concluded a long term terminal services agreement that will cement the relationship between the two parties until 31 December, 2021 with an optional 5 year extension.

This long term agreement will help facilitate the shipping needs of Peace River Coal, both current and future, and assist RTI in continuing with its current capacity growth program. This news bodes well for socio-economic development in British Columbia in general and specifically for the people, communities and other Stakeholders in Northeast British Columbia.

George Dorsey, RTI President, said, "Anglo American is a long time valued customer at Ridley Terminal and we look forward to handling the company's coal exports."

Ridley Terminals is a federal Crown Corporation that operates a marine commodity terminal at Prince Rupert, BC which currently handles commodities originating in western North America.

Bud Smith, RTI Chair, said, "This agreement means communities in Northeast BC, which support the coal mining industry, can plan a future knowing Anglo American has the terminal capacity it will need."

Contact Information

  • Ridley Terminals Inc.
    Michelle Bryant
    250-600-0353
    www.rti.ca

    Peace River Coal Inc. and Anglo American plc
    Hugh Kendrick
    778-786-7402