Friday, December 10, 2004

Coal Front Moving North
Guess who's about to make a move on China? The north. Prince Rupert is expanding their port for the bigtime and is utilizing the under capacity rail lines to Prince George and beyond. They have LNG, raw goods to import, raw logs to export and now coal:

Coal Moves Again At Ridley Terminals In Northern B.C.
By Lynne Olver

VANCOUVER (Dow Jones)--Western Canadian Coal Corp.'s (WTN.V) first shipment of coal destined for Asia passed through Ridley Terminals Inc. in Prince Rupert, B.C. Wednesday, and a terminal executive said he expects more coal will follow from other mines.

Western Canadian said Thursday it has signed an agreement with Canadian National Railway Co. (CNI) to transport coal from its operations in northeast B.C. to the Prince Rupert port, and expects to finalize a 10-year agreement with Ridley Terminals for services through its bulk coal-handling facility.

Western Canadian has just started commercial production of pulverized coal injection (or PCI) coal from the small Dillon mine on its Burnt River property, southwest of Chetwynd, B.C.

That's what's up.

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