Fording Canadian Coal Trust

Company Location

 


Company Name
Fording Canadian Coal Trust
Company Type
Public
Industry
Mining
Founded
2003
Headquarters
Alberta
Area Served
Not Mentioned
Key People
Not Mentioned
Revenue
Not Mentioned
Number of Employees
Not Mentioned
Products
Bituminous coal
Website
Not Mentioned
Company Email
investors@teck.com
Address
1940, Manulife Place 10180 - 101 Street NW Ed
Subsidiaries
Not Mentioned
Facebook
Twitter
Instagram
LinkedIn


Company Description


Fording Canadian Coal Trust 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. Through the EVCP it also owned a 46% interest in Neptune Bulk Terminals (Canada) Ltd., which operates a dedicated coal berth at the Port of Vancouver. Its market capitalization was $11-billion USD in 2008.

Fording Canadian Coal Trust (FCCT) is a publicly traded trust created in 2006 by Fording Canadian Coal Limited Partnership (FCCLP). FCCT is a trust that holds royalty interests in coal properties located in Alberta and British Columbia, Canada. The trust's royalty interests are held through FCCLP, which is a limited partnership owned by Fording Canadian Coal Ltd. (FCCL), a wholly owned subsidiary of Teck Resources Limited.

FCCT's royalty interests allow it to receive a portion of the revenue generated from coal production in the properties it holds. The trust pays out quarterly distributions to its unitholders from the revenue it receives from the properties. The trust also pays a portion of its revenue to FCCLP, which is responsible for managing the properties and ensuring that they remain in compliance with applicable regulations.

FCCT's primary asset is the royalty interest it holds in the coal properties located in Alberta and British Columbia. The trust holds interests in five coal mines, including the Coal Mountain Mine, the Line Creek Mine, the Greenhills Mine, the Cardinal River Mine and the Fording River Mine. The trust also holds royalty interests in additional coal properties, including the Brule Mine, the Willow Creek Mine, the Coal Valley Mine and the Wolverine Mine.

FCCT's royalty interests provide it with a steady stream of income, which it distributes to its unitholders. In addition, the trust also provides investors with exposure to the coal industry, which can be a volatile sector. By investing in FCCT, investors can benefit from potential returns from the coal properties, while also diversifying their portfolios.

Related Companies:

Kagara Ltd
Adex Mining Inc
Banpu Public Company Limited
Penn Virginia
Anglesey Aluminium
Allegiance Mining