Elk Valley Coal Partnership

Elk Valley Coal Partnership

August 14, 2008 16:45 ET

Elk Valley Coal to Build 81 Unit Condominium Development in Elkford

CALGARY, ALBERTA--(Marketwire - Aug. 14, 2008) - Elk Valley Coal Corporation announced today that it will build two condominium buildings in Elkford, BC comprising a total of 81 living units. The new buildings will be located on Michel Road across from the District of Elkford Municipal Office in the downtown core. The development will serve to accommodate the needs of new Elk Valley Coal employees looking for residences in the community and help meet the shortage of available housing in the Elk Valley.

"We are very pleased that Elk Valley Coal has taken the lead on this much needed project, and look forward to its completion," said Dean McKerracher, Mayor for the District of Elkford. "The look and feel of the architectural design will set the context for further developments in our community, and is exactly what we have been looking for."

Elk Valley Coal plans to initially offer 41 units for sale and retain the remaining 40 units for rental accommodations for new employees of the company.

"The fact that we already owned the property, which is zoned for high-density residential, meant that we could move ahead much faster than normally expected with a project of this size," said Doug Stokes, Vice President of Operations. "We are happy to be able to do something to address the housing challenges in the Elk Valley and see this as a win-win opportunity that will benefit the entire community."

MDG Development Group will construct the new condos which will feature a mountain resort, wood, rock and high-pitched roof theme design. MDG has extensive experience in the design and construction of similar projects and is currently completing the Resort at Copper Point in Invermere, B.C.

The architectural drawings are available for viewing at the District of Elkford Office. Construction will begin immediately.

About Elk Valley Coal Partnership

Elk Valley Coal Partnership is the largest exporter of high-quality steelmaking coal to the international steel industry in the Northern hemisphere. Elk Valley Coal is owned by a partnership between Fording Canadian Coal Trust (TSX:FDG.UN), (NYSE:FDG) and Teck Cominco Limited (TSX:TCK.A) and (TSX:TCK.B), (NYSE:TCK).

Contact Information

  • Elk Valley Coal Corporation
    Nic Milligan
    Manager, Community & Governmental Affairs
    (250) 425- 3335
    Website: www.elkvalleycoal.ca
    District of Elkford
    Dean McKerracher
    (250) 865- 4000