Fording Canadian Coal Trust

CPR, coal trust reach rail deal…

Strong demand and prices for coal have Fording Canadian Coal Trust (FDG.UN-T) projecting sales of more than 27 million tonnes this year, a 2-million-tonne increase over sales in cal…

In its third annual volume of Strategy Plus, the research department of Montreal-based brokerage house Desjardins Securities weighs in on the year ahead and offers top investment recommendations in all sectors, including mining.

The report period Dec. 15-21 saw the price of gold rise US$3.85 to close at US$440.95 per oz. in the afternoon of the 21st in London. The gold index rose 2.09 points, or 0.9%, to close at 211.20. The diversified metals and mining index was up 10.7…

Vancouver — Calgary-based Fording Canadian Coal Trust (FDG-T), a continuation of predecessor Fording, posted net income of $10.7 million in the recent first quarter, plunging from $147.3 million a year earlier.

After a long wrangle over permitting, Fording Canadian Coal Trust (FDG.UN-T) and partner Teck Cominco (TEK-T) have decided to put the Cheviot coal project, near Hinton, Alta., into production.

Vancouver — Despite the negative effect of the rising Canadian dollar, the world’s largest zinc producer saw its second-quarter profits rise as a result of a tax gain.Teck Cominco (TEK-T) earned $12 …

The plan of arrangement under which coal producer Fording (FDG-T) would be converted into an income trust has received shareholder approval at a special meeting in Calgary, allowing Fording to combine…