CALGARY – FORDING CANADIAN COAL TRUST announced that ELK VALLEY COAL has completed almost all of its annual price and volume negotiations with its coal customers. Substantially all sales of metallurgical and other coal for the 2005 coal year beginning April 1, 2005, have now been priced at an average of U.S.$122/tonne on an FOB west coast port equivalent basis.
Elk Valley’s coal sales volumes for the 2005 calendar year are targeted to exceed 27 million tonnes. Total coal capacity is being expanded about 12% to 28 million tonnes by the third quarter of 2005.
Information about Elk Valley’s metallurgical coal mines in British Columbia and development of the Cheviot Creek pit in Alberta may be found at www.ElkValleyCoal.ca.