Fording Canadian Coal Trust (

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: FDG;

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:FDG) was a

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-based royalty trust which owned a 60% stake in the Elk Valley Coal Partnership (EVCP), which in turn produced hard-coking metallurgical coal, primarily for

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

production, at its facility in Elk Valley, British Columbia. Through the EVCP it also owned a 46% interest in Neptune Bulk Terminals (Canada) Ltd., which operates a dedicated coal berth at the

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. Its

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

was $11-billion USD in 2008. The trust was formed in 2003 to assemble various assets from Luscar Ltd./CONSOL Energy Canada Ltd.

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...

Teck Cominco Teck may refer to: * Teck Castle (Burg Teck) in Württemberg, Germany * Teckberg, mountain on which it is located * Duke of Teck, a title of nobility, associated with Teck Castle * Teck Railway, Germany * Teck Resources, a Canadian mining company f ...

Ltd., and the former Fording Coal Ltd. (which was originally a unit of

Canadian Pacific Railway The Canadian Pacific Railway (french: Chemin de fer Canadien Pacifique) , also known simply as CPR or Canadian Pacific and formerly as CP Rail (1968–1996), is a Canadian Class I railway incorporated in 1881. The railway is owned by Canadi ...

until October 2001). On July 29, 2008, Teck Cominco announced an agreement with Fording to purchase 100% of its assets; Teck Cominco had been the minority owner of the Elk Valley Coal Partnership, with a 40% stake. The purchase was closed on October 30, 2008, with a final cost of $14-billion USD to Teck. Elk Valley Coal Corporation will be renamed Teck Coal Limited.

References

External links

Fording website
(Feb. 2, 2008 snapshot from the

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)
Elk Valley Coal website
(Jan. 13, 2008 snapshot from the Internet Archive) {{Portal, Companies Coal companies of Canada Royalty trusts Energy companies established in 2003 Non-renewable resource companies established in 2003 Teck Resources