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Elk Valley Coal Partnership
 
BASE METALS

Teck sees 'softening' copper, zinc demand from China

Chinese demand for copper and zinc metal is “softening”, Teck Cominco base-metals marketing VP Andrew Stonkus said on Thursday. Teck posted third-quarter net earnings of C$424-million on Thursday, 13,4% lower than a year earlier, after lower...
23rd October 2008
 
CORPORATE ACTIVITY

Teck to sell 27,6m Fording units to Canadian bank

Diversified miner Teck has agreed to sell 27,6-million units of Fording Canadian Coal Trust to an unnamed Canadian chartered bank, for $83,30 apiece. Vancouver-based Teck will use the proceeds of the sale to cover part of the cash portion of its...
14th October 2008
 
COAL CONSOLIDATION

Teck Cominco seeks greater coal exposure with C$14,1bn offer for Fording Audio Available

Vancouver-based diversified miner Teck Cominco estimates its proposed acquisition of Fording Canadian Coal Trust could boost its 2009 core earnings by as much as 50%, CEO Don Lindsay said on Tuesday. The deal will nearly double the group's...
29th July 2008
 
COAL

JSE coal stocks drop sharply as commodity’s prices decline

The JSE’s coal index shed over 10% on Thursday morning, after the fuel’s prices dropped. Coal prices had surged up to trade at around the $200/t mark this week, but a South African coal analyst said that these levels were "anomalous", and a...
3rd July 2008
 
PEOPLE

Fording appoints CFO and VP

The Fording Canadian Coal Trust has appointed Mark Gow as VP and CFO of the trust effective April 30.
1st May 2008
 
DIVERSIFIED MINERS

Teck expects record copper, coal profits in coming year Audio Available

Diversified Canadian miner Teck Cominco expects earnings from its copper and coal businesses will rise to their highest levels ever in the next year, as demand from China and other emerging economies continues at a galloping pace. CEO Don Lindsay...
22nd April 2008
 
COAL

Fording Canadian Coal profit drops, sees price surge going forward

The Fording Canadian Coal Trust expects its mining subsidiary to achieve a much-improved average coal price of between $195/t and $205/t this year, after coal prices rose considerably as a result of market shortages caused by heavy rains in...
22nd April 2008
 
COAL

Fording Canadian Coal earnings fall, no word on strategic review

The Fording Canadian Coal Trust, which owns a 60% stake in the metallurgical coal operations of the Elk Valley Coal Partnership, reported lower fourth-quarter net income of C$48,8-million, compared with C$114,6-million for the same period a year...
12th February 2008
 
COAL

Fording Canadian Coal Trust mulls disposal options

The trustees of the Fording Canadian Coal Trust, which owns a 60% stake in the metallurgical coal operations of the Elk Valley Coal Partnership, are considering “strategic options”, which could include the sale of assets or putting the...
6th December 2007
 
 
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