The mines of the Northeast of BC continue to bring good news for the folks at Ridley Terminals.
A British company called Cambrian Mining has released a business alert to its investors that points to more shipping through Ridley Terminals. Cambrian which makes up the majority of the shares of a company called Western Canadian Coal Corporation, has announced that it has secured a steady supply of coal from the Wolverine mine and plans on shipping it through the Port of Prince Rupert.
WCCC first began shipping through Ridley Terminals in January of 2005 and seems quite bullish about the prospects for this current year and the one to come.
WCCC is in the process of signing contracts with major steel mills world wide, in six countries spanning three continents, to sell its coking coal from Wolverine and have also reached an agreement with CN to transport the coal to Prince Rupert.
The current commitments amount to 880,000 tonnes, 70% of the companies planned Wolverine sales for this fiscal year.
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