Overview

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Fording Canadian Coal Trust was a Canadian-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 production. Through the EVCP it also owned a 46% interest in Neptune Bulk Terminals (Canada) Ltd., which operates a dedicated coal berth at the Port of Vancouver. Its market capitalization was $11-billion USD in 2008. The trust was formed in 2003 to assemble various assets from Luscar Ltd./CONSOL Energy Canada Ltd. joint ventures, Teck Cominco Ltd., and the former Fording Coal Ltd. (which was originally a unit of Canadian Pacific Railway 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.

Full Product Details

9786137393079

Table of Contents

Reviews

Author Information

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available