Take a look: coal exports through the Ridley terminal in northern British Columbia are in freefall:

It’s almost funny. Just a few years back, Ridley was so confident about its prospects that it undertook an ambitious plan to boost its throughput capacity from 12 million tons per year all the way up to 24 million tons per year.
At the time, the plan seemed reasonable: Asian demand seemed strong, and at least two new mine projects were slated to use Ridley’s extra capacity.
But fast forward a few years, and both new mining projects appear to be on indefinite hold…even as many of the terminal’s potential customers have shuttered their mines because of the sustained price collapse in Asian coal markets. As a result, Ridley is now on track to ship less than 6 million tons of coal this year—and possibly less than 4 million.
Instead of doubling their capacity, Ridley could have cut it in half, and they still might have room to spare.
