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CN and Coalspur Mines ink transportation, rail line pacts
and Coalspur Mines Ltd. have reached a seven-year agreement involving the transportation of thermal coal from Coalspur Mines' Vista Coal project in Alberta to Ridley Terminals Inc. at the Port of Prince Rupert
, British Columbia, as well as a pact regarding the construction of a rail line to serve the new mine.
The transportation agreement — which covers up 12 million tons of coal annually — expires on Dec. 31, 2019. CN will supply equipment to move the coal to the export terminal.
CN and Coalspur Mines plan to build a four-mile rail line to enable the Class I to access a loading site at the mine. Subject to regulatory approval, construction could begin in the third quarter and conclude in early 2015.
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