Fording Canadian Coal Trust
TSX : FDG.UN
NYSE : FDG

Fording Canadian Coal Trust
Teck Cominco Limited
TSX : TCK.A
TSX : TCK.B
NYSE : TCK

Teck Cominco Limited
Elk Valley Coal Partnership

Elk Valley Coal Partnership

September 27, 2007 13:00 ET

Fording and Teck Cominco Announce Collective Agreement Ratified at Cardinal River

CALGARY, ALBERTA--(Marketwire - Sept. 27, 2007) - Fording Canadian Coal Trust (TSX:FDG.UN) (NYSE:FDG) and Teck Cominco Limited (TSX:TCK.A) (TSX:TCK.B) (NYSE:TCK) today announced that Elk Valley Coal and Local 1656 of the United Mine Workers of America have ratified a new five-year collective agreement at the Cardinal River Operation in west-central Alberta. The agreement covers the period from July 1, 2007 to June 30, 2012. The Cardinal River Operation produces approximately 2 million tonnes of coal annually.

With the settlement of this agreement, all five of Elk Valley Coal's unionized mines are now covered under multi-year contracts.

Fording Canadian Coal Trust is an open-ended mutual fund trust and one of the largest royalty trusts in Canada. The Trust makes quarterly distributions to unitholders using royalties received from its 60% interest in the metallurgical coal operations of the Elk Valley Coal Partnership. Elk Valley Coal Partnership, 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 TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. 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 www.teckcominco.com.

Contact Information

  • Fording Canadian Coal Trust - Media Contact
    Dermot Lane
    Director, Corporate Communications
    (403) 260-9816
    or
    Fording Canadian Coal Trust - Investors
    Colin Petryk
    Director, Investor Relations
    (403) 260-9823
    or
    Teck Cominco Limited - Media Contact
    David Parker
    Director, Corporate Affairs & Sustainability
    (604) 687-1117
    or
    Teck Cominco Limited - Investors
    David Splett
    Director, Investor Relations
    (604) 685-3045
    Website: www.teckcominco.com