Fording and Teck Cominco announce receipt of strike notice at Elkview Operations
02 Junho 2006 - 6:36PM
PR Newswire (US)
CALGARY, June 2 /PRNewswire-FirstCall/ -- Fording Canadian Coal
Trust (TSX: FDG.UN, NYSE: FDG) and Teck Cominco Limited (TSX:
TEK.MV.A and TEK.SV.B.) today announced that Elk Valley Coal has
been served strike notice by Local 9346 of the United Steel Workers
of America at its Elkview Operations in southeast British Columbia.
The collective agreement at the mine expired on October 31, 2005.
The strike notice terminated the mediation process and provided
notice that a strike at Elkview will commence as early as
Wednesday, June 7, 2006. Elk Valley Coal has advised Fording and
Teck Cominco that it will continue its efforts to reach a new
collective agreement for the Elkview Operations. Fording Canadian
Coal Trust is an open-ended mutual fund trust. Through investments
in metallurgical coal and industrial minerals mining and processing
operations, the Trust makes quarterly cash distributions to
unitholders. The Trust, through its wholly owned subsidiaries,
holds a 60% interest in the Elk Valley Coal Partnership and is a
leading producer of the industrial mineral wollastonite. Elk Valley
Coal, comprised of Canada's senior metallurgical coal mining
properties, is the world's second largest exporter of metallurgical
coal, supplying high-quality coal products to the international
steel industry. The Trust's shares are traded on the Toronto Stock
Exchange under the ticker symbol FDG.UN and on the New York Stock
Exchange under the symbol FDG. Teck Cominco is a diversified mining
company, headquartered in Vancouver, Canada. Shares are listed on
the Toronto Stock Exchange under the symbols TEK.MV.A and TEK.SV.B.
The company is a world leader in the production of zinc and
metallurgical coal and is also a significant producer of copper,
gold and specialty metals. Further information can be found at
http://www.teckcominco.com/. DATASOURCE: Fording Canadian Coal
Trust CONTACT: Fording Canadian Coal Trust, Media Contact, Dermot
Lane, Director, Corporate Communications, (403) 260-9816;
Investors, Paul Armstrong, Director, Investor Relations, (403)
260-5215; Teck Cominco Limited, Media Contact, David Parker,
Director, Corporate Affairs & Sustainability, (604) 687-1117;
Investors, Greg Waller, Director, Financial Analysis & Investor
Relations, (604) 685-3005
Copyright