Elk Valley Coal definition

Elk Valley Coal or the “Partnership” means the Elk Valley Coal Partnership, previously known as the Fording Coal Partnership, a general partnership existing under the laws of Alberta;

Elk Valley Coal or the “Partnership” means the Elk Valley Coal Partnership, a general partnership existing under the laws of the Province of Alberta;

Examples of Elk Valley Coal in a sentence

• Elk Valley Coal owns and operates six metallurgical coal mines in British Columbia and Alberta.

• Teck Cominco is the managing partner of Elk Valley Coal and is responsible for managing its business and affairs, subject to certain matters that require the agreement of the Trust and Teck Cominco.

• The Trust directly and indirectly owns all of the interests of Fording LP, which holds a 60% interest in Elk Valley Coal.

• The banks have committed up to $400.0 million to the Trust and up to $200.0 million to Elk Valley Coal, of which the Trust’s share is $120.0 million.

• Elk Valley Coal has entered into agreements with Teck Cominco, its managing partner, for the provision of certain management services in the ordinary course of operations.

• Elk Valley Coal also sells coal to Teck Cominco at market prices.

• The consolidated financial statements of the Trust reflect its proportionate interest in Elk Valley Coal.

• The banks have committed $400.0 million to the Trust and $200.0 million to Elk Valley Coal.

• Teck Cominco is the managing partner of Elk Valley Coal and is responsible for managing its business and affairs, subject to certain matters that require the agreement of all partners.

• However, Elk Valley Coal normally sells to large, well established customers of high credit quality.