The deal contemplates Teck shipping 16 million tonnes of coal in the initial contract year and larger amounts in subsequent years.
The existing contract that covers coal from the Elkview, Line Creek and Cardinal River mines expire in March 2012 and the contract that covers coal from the Fording River, Greenhills and Coal Mountain mines expires in February 2012.
Teck is a diversified resource company headquartered in Vancouver, Canada.
