VANCOUVER, Sept. 19, 2012 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE.UN) (the "Corporation") is pleased to announce
today that Westshore Terminals Limited Partnership has reached an
agreement with Teck to extend the parties' current agreement
(previously set to expire March 31, 2016) for an additional five year
term, and now set to expire April 1, 2021.
This extended contract will require Teck to ship coal volumes from it
various mines, of not less than 16 million tonnes and up to 19 million
tonnes per coal contract year, all at fixed rates through Westshore.
Denis Horgan, General Manager of Westshore Terminals Limited Partnership
commented: "This agreement underscores the importance of the long term
Teck-Westshore relationship and marks another important and positive
step between the two organizations for future."
The foregoing statements concerning tonnages, coal prices, loading
rates, taxation and variability of distributions are forward-looking
statements but reflect the current expectations of the Fund and
Westshore with respect to future events and performance. Wherever
used, the words ''may,'' ''will,'' ''anticipate,'' ''intend,''
''expect,'' ''plan,'' ''believe,'' and similar expressions identify
Forward-looking statements should not be read as guarantees of future
performance or results, and will not necessarily be accurate
indications of whether, or the times at which, such performance or
results will be achieved. Forward-looking statements are based on
information available at the time they are made, assumptions made by
management, and management's good faith belief with respect to future
SOURCE: Westshore Terminals Investment Corporation
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