Business
Teck Cominco and Fording announce tentative agreement at Elkview Operations
Teck Cominco and Fording announce tentative agreement at Elkview Operations.
About this update from Teck Resources Limited Class A
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, June 8 /CNW/ - Teck Cominco Limited (TSX: TEK.A and TEK.B) and\nFording Canadian Coal Trust (TSX: FDG.UN, NYSE: FDG) today received\nnotification from Elk Valley Coal of a tentative agreement with Local 9346 of\nthe United Steel Workers of America at its Elkview Operations in southeast\nBritish Columbia. The agreement is subject to ratification by the members,\nexpected to be completed on Monday June 12th. The five-year agreement would\ncover the period from November 1, 2005 to October 31, 2010. The Elkview\nOperations have an annual production capacity of approximately 6 million\ntonnes of coal.\n\nFording Canadian Coal Trust is an open-ended mutual fund trust. Through\ninvestments in metallurgical coal and industrial minerals mining and\nprocessing operations, the Trust makes quarterly cash distributions to unit\nholders. The Trust, through its wholly owned subsidiaries, holds a 60%\ninterest in the Elk Valley Coal Partnership and is a leading producer of the\nindustrial mineral wollastonite. Elk Valley Coal, comprised of Canada's senior\nmetallurgical coal mining properties, is the world's second largest exporter\nof metallurgical coal, supplying high-quality coal products to the\ninternational steel industry. The Trust's shares are traded on the Toronto\nStock Exchange under the ticker symbol FDG.UN and on the New York Stock\nExchange under the symbol FDG.\n\nTeck Cominco is a diversified mining company, headquartered in Vancouver,\nCanada. Shares are listed on the Toronto Stock Exchange under the symbols\nTEK.A and TEK.B. The company is a world leader in the production of zinc and\nmetallurgical coal and is also a significant producer of copper, gold and\nspecialty metals. Further information can be found at www.teckcominco.com.\n\n\n\n","length":1833,"tagName":"div"}]