Teck's logistics costs are double that of our Australian peers, for two reasons. One is monopolies, or a captive shipper. The second one would be that we're 1,000 kilometres from tidewater. In fairness to the railway companies, that adds a bit of a challenge.
The reason we focus on transparency is that we want to ensure that across the supply chain—we view ourselves as a Canadian champion—we're all working together to get our products to market sustainably. A lot of our Canadian competitors went bankrupt.
A third of our spend on steelmaking coal is in logistics. Steelmaking coal is used for steel. It's the only way you can make steel.