MARKETS

Coal exports rising, will continue: Westshore

CANADIAN exporter Westshore Terminals said it ended its third quarter with an increase in coal loading rates as well as revenues.

Donna Schmidt

According to its performance report, submitted to government officials, the facility’s third-quarter coal loading revenues were $C78.4 million, a 2% increase year on year and a spike of nearly 18% over the second quarter.

Income totalled $29.5 million, up more than 5% year on year.

Its loading rate in the period was $9.52, a 2% rise over the previous quarter and the same period of 2012.

In all, Westshore handled 8.2 million tonnes. Of that, 37% was thermal and 62% was metallurgical.

The total was the same as the second quarter, though the split was 60% met and 40% thermal during that period.

In the comparable 2012 quarter, the terminal handled 7.1Mt, 58% met and 41% thermal.

In the report Westshore officials said that considering the facility’s run rate and including anticipated shipments, it expected it would export about 30Mt this year.

In 2012 it exported 26.1Mt.

Westshore Terminals, the largest coal exporting terminal in North America, has a 33Mt annual capacity and its pace is projected to continue due to fixed-rate contracts that run through 2021 in some cases.

Teck, Cloud Peak and Signal Peak are just three of the producers that work with Westshore Terminals.

BNSF, Canadian National and Canadian Pacific all have rail into the facility.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions