OTTAWA Dec 13 The Canadian government plans to
sell Ridley Terminals Inc., a federal corporation that operates
a bulk-handling facility at the British Columbian port of Prince
Rupert, junior finance minister Ted Menzies announced on
The terminal transfers bulk commodities from rail cars onto
ocean-going vessels. A government statement said it supports
western coal producers and it has handled record volumes as
demand for high-quality Canadian coal has increased.
The government statement said it would not be appropriate to
estimate what the corporation would be worth but said it
reported a net operating profit of C$34 million ($34.7 million)
in 2011. It plans to increase its capacity to 25 million tonnes
by 2014 from 12 million now.