Fording Canadian Coal Trust

Fording Canadian Coal Trust (NYSE: FDG; TSX:FDG) 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, at its facility in Elk Valley, British Columbia.

Through the EVCP it also owned a 46% interest in Neptune Bulk Terminals (Canada) Ltd.,[2] which operates a dedicated coal berth at the Port of Vancouver.

[1] 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).

[3] 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.