October 01, 2016 1:00 PM ET

Transportation Infrastructure

Company Overview of Ridley Terminals Inc.

Company Overview

Ridley Terminals Inc. owns and operates a marine bulk handling terminal. It offers railcar unloading, product storage, and vessel loading services for the export of metallurgical and thermal coal, and petroleum coke from British Columbia, Alberta, and the United States to Asia, as well as South America and Europe. Ridley Terminals Inc. was incorporated in 1981 and is based in Prince Rupert, Canada.

2110 Ridley Island

Prince Rupert, BC V8J 4H3


Founded in 1981





Key Executives for Ridley Terminals Inc.

President, Chief Operating Officer, Director and Member of The Audit Committee
Chief Financial Officer
Corporate Secretary
Compensation as of Fiscal Year 2016.

Ridley Terminals Inc. Key Developments

AltaGas Ltd Signs a Sublease Agreement with Ridley Terminals Inc

AltaGas Ltd. announced that a sublease and related agreements have been signed with Ridley Terminals Inc. to develop, build, own and operate the proposed Ridley Island Propane Export Terminal, to be located on Ridley Island near Prince Rupert, British Columbia on a portion of lands leased by Ridley Terminals from the Prince Rupert Port Authority. The proposed Facility will be designed to ship up to 1.2 million tonnes of propane per year and will be constructed by AltaGas. It will be built on a brown field site with a history of industrial development, connections to existing rail lines and an existing world class marine jetty with deep water access to the Pacific Ocean. Propane from British Columbia and Alberta natural gas producers will be transported to the Facility using the existing CN rail network. Preliminary engineering has been completed and the front end engineering and design study has begun. The process of engaging and consulting with First Nations, communities, government, and environmental and regulatory authorities is underway. AltaGas is working towards reaching a final investment decision in 2016. Commercial operation to commence propane exports is targeted for 2018, subject to First Nations consultations and necessary approvals. The Facility is estimated to cost between $400 million - $500 million.

Maxim Power Corp. Announces Cancelation of Terminal Services Agreement Between Ridley Terminals Inc. and Summit Coal Limited Partnership

Maxim Power Corp. announced that it has entered into a Termination and Mutual Release Agreement that cancels the Terminal Services Agreement between Ridley Terminals Inc. and MAXIM's wholly owned subsidiary, Summit Coal Limited Partnership. The TSA was entered into on December 9, 2011 and provided Summit with capacity at Ridley Terminals to ship coal through this port for a period of ten years. Pursuant to the termination agreement, Maxim foregoes certain benefits under the TSA while eliminating contractual commitments of $63.2 million.

Ridley Terminals Inc. Appoints Gillian Gail Kirk to the Board of Directors

Lisa Raitt, Minister of Transport announced the appointment of Ms. Gillian Gail Kirk of Port Coquitlam, British Columbia, to the board of directors of Ridley Terminals Inc. for a term of four years. Ms. Kirk has been the Industry and Community Relationship Liaison for Avia Employment Services. She is currently Vice-Chair of the Tri-Cities Chamber of Commerce.

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Recent Private Companies Transactions

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