Fording (GP) ULC, an operating subsidiary of the Trust, holds a 60% interest in the Elk Valley Coal Partnership and a 100% interest in NYCO. The Trust uses the cash it receives from its investment in Fording (GP) ULC to make quarterly cash distributions to its unitholders. The Elk Valley Coal Partnership accounted for 98% of the Trust’s revenues in 2005 and NYCO accounted for the balance.
The Elk Valley Coal Partnership is a general partnership formed under the laws of the Province of Alberta between Fording LP and Teck Cominco. Elk Valley Coal is the second largest supplier of metallurgical coal in the world. Elk Valley Coal has interests in six mining operations in British Columbia and Alberta and a 46% interest in Neptune Bulk Terminals (Canada) Ltd. For more information about the Elk Valley Coal Partnership and its coal products, visit www.elkvalleycoal.ca.
NYCO Minerals Inc., Minera NYCO S.A. de C.V. and American Tripoli (a subsidiary of NYCO Minerals) are wholly owned subsidiaries of Fording (GP) ULC. NYCO is a leading producer of wollastonite. NYCO’s operations are found in New York, Missouri and Mexico. Visit www.nycominerals.com and www.americantripoli.com for more information.
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