American Metals & Coal International and Riverstone Holdings purchase 90% interest in Ridley Terminal Inc. for C$350M
December 19, 2019
350.00 Million CAD
On December 20, a company owned by American Metals & Coal International (AMCI) and Riverstone Holdings LLC acquired a 90% interest in Ridley Terminals Inc. (“RTI”) from the Government of Canada for $350 million. RTI operates the Port Ridley coal export terminal in Prince Rupert, British Columbia. In the first five months of the year, RTI exported 2.36 million tonnes of metallurgical coal and 936,000 tonnes of thermal coal. The remaining 10% interest in RTI was transferred to a limited partnership owned by the Lax Kw’alaams Band and the Metlakatla First Nation.
McCarthy Tetrault advised American Metals & Coal International with a team led by Roger Taplin, Robin Mahood and Stephen Curran that included Robert Nearing (Tax), Oliver Borgers, Jonathan Bitran (Competition), Donovan Plomp, Abigail Cheung (Labour and Employment), Liezl Behm (Financial Services), Craig Shirreff, Patrick Beechinor (Real Property and Planning), Selina Lee-Anderson (Environmental and Aboriginal), Vincent Yip (Technology), Ainslie Hurd, Leisa Hickey and Michael Alty (Business).