Elk Valley Coal Partnership

Elk Valley Coal Partnership

May 05, 2005 23:59 ET

Elk Valley Coal Reaches New Five-Year Labour Agreement at Coal Mountain

CALGARY--(CCNMatthews - May 5) - Fording Canadian Coal Trust (TSX: FDG.UN, NYSE:
FDG) announced that Elk Valley Coal Partnership and Local 7292 of the United
Mineworkers of America agreed to a new five-year collective agreement at the
Coal Mountain operations in southeast British Columbia. The Coal Mountain
operations have an annual production capacity of approximately 3.5 million
tonnes of coal.

The agreement covers the period from January 1, 2005 to December 31, 2009 and
provides for improvements in wages and benefits. It is the third consecutive
five-year agreement at Coal Mountain since Fording purchased the mine.

About Fording

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 subsidiary, Fording Inc., holds a 60% interest
in the Elk Valley Coal Partnership and is the world's largest producer of the
industrial mineral wollastonite. Elk Valley Coal Partnership, comprised of
Canada's senior metallurgical coal mining properties, is the world's second
largest exporter of metallurgical coal, and expects to supply approximately 27
million tonnes of high-quality coal products to the international steel industry
in 2005. 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.

Contact Information

  • Susan J. Soprovich
    Director, Investor Relations
    (403) 260-9834
    Catherine Hart
    Coordinator, Investor Relations
    (403) 260-9817
    Email: investors@fording.ca
    Website: www.fording.ca