Ridley Terminals
The Canadian government is considering a sale of Ridley Terminals in Prince Rupert, British Columbia, CEO George Dorsey said Friday at the Platts Coal Properties and Investment conference in Fort Lauderdale, Florida.
Ridley exported 8.6 million mt of coal last year, including some from the Powder River Basin. Ridley’s deal with US company Arch Coal in January 2011 irked some Canadian coal producers, who said a government-owned facility should solely benefit the country’s own mines.
“The government understands the facility is, politically, becoming difficult,” Dorsey said. “There’s a variety of interests in Canada. But the value of the terminal has gone up rather substantially, so there’s a shrinking number of potential buyers.”