Canadian coking coal producer Teck Resources has signed an expanded commercial agreement with port operator Ridley Terminals to double coking coal throughput capacity from the Prince Rupert, British Columbia export terminal.
The agreement will enable Teck to increase exports from Ridley from 3mn t/yr to 6mn t/yr for 2021-27, with an optional expansion to 9mn t/yr. Teck said that the agreement will allow it to be more versatile in its coking coal exports from Canada's west coast and improve performance throughout the supply chain.
Teck ships most of its coking coal output through Ridley Terminals and Neptune Bulk Terminals in Vancouver for export. The company's coking coal production guidance for 2019 was 25.5mn-26mn t.
The Canadian government agreed last year to sell the majority of Ridley Terminals to a company owned by US investment firms Riverstone and AMCI.
The value of non-oil exports from Iran’s central Markazi Province reached $186.38 million during the first four months of the current Iranian calendar year (March 20-July 21), a provincial official announced, Mehr news agency reported.
The managing director of Iran International Exhibitions Company (IIEC)said that this company has received no letter from the Coronavirus Control Operations Headquarters banning exhibition holding.
Iranian ambassador to Turkmenistan said that Turkmen like Iranians are highly willing to expand trade relations between the two countries, IRNA reported.
Heavy Equipment Production Company (HEPCO) has signed memorandums of understanding (MOUs) with five major domestic mining companies to manufacture equipment and machinery for them.
The value of exports from Iran’s southwestern Kohgiluyeh-Boyerahamd province has risen 116 percent during the first four months of the current Iranian calendar year (March 20-July 21), compared to the same period of time in the past year, according to a provincial official.
The coronavirus pandemic has decreased Iran’s exports to Turkey by 90 percent, the chairman of Iran-Turkey Joint Chamber of Commerce told ILNA on Tuesday.