Prairie Operations definition

Prairie Operations means the thermal coal business of Fording and its holdings of mineral properties, consisting principally of Fording’s operations at Genesee, Whitewood and Highvale, Alberta, its undeveloped resource properties in Alberta, Manitoba and Saskatchewan, and the royalties receivable from third parties mining at Fording’s mineral properties at locations in Alberta and Saskatchewan;

Prairie Operations means the thermal coal business of Old Fording. These operations were substantially comprised of Old Fording’s joint venture interest at Genesee, its contract mining operations at the Whitewood and Highvale mines in Alberta and its holdings of mineral properties and rights in Alberta, Manitoba and Saskatchewan. Pursuant to the 2003 Arrangement, the Prairie Operations were sold to an affiliate of OTPP and Sherritt;

Prairie Operations means the thermal coal mine business of Fording and its holdings of mineral properties and rights that will be purchased by SCPII or an affiliated entity of OTPP and Sherritt as described in the Prairie Operations Term Sheet. This business consists principally of Fording’s operations at Genesee, Whitewood and Highvale, Alberta, its undeveloped resource properties in Alberta, Manitoba and Saskatchewan, and the royalties receivable from third parties mining at Fording’s mineral properties at locations in Alberta and Saskatchewan. It excludes the rights and obligations of Fording in connection with its interest in the Esquimault and Nanaimo railway lands, including the former mining operation located at the Mount Washington mine site, as well as thermal coal produced incidentally to operations primarily involving Fording’s metallurgical coal business;

Examples of Prairie Operations in a sentence

• Table of ContentsFording has three operating segments, Mountain Operations, Prairie Operations and Industrial Minerals Operations.

• The Parties shall co-operate in good faith to file any relevant elections in order to minimize taxes payable under Part IX of the Excise Tax Act (Canada), the Quebec Sales Tax Act and any other provincial or territorial legislation imposing taxes on the sale or transfer of the Fording Contributed Assets, Teck Contributed Assets, Luscar Contributed Assets and Prairie Operations.

• The pro forma consolidated balance sheet, consolidated statement of income and consolidated statement of distributable cash have been prepared from, and should be read in conjunction with, the audited consolidated financial statements of the Corporation, the Prairie Operations, the Elkview Mine (a division of Teck) and the Luscar Mine and Line Creek Mine, as at and for the period ended December 31, 2002.

• Lower cash flow in 2003 reflects a decrease of $5 million from the Prairie Operations, which were sold on February 28, 2003, and the reorganization costs.

• Prairie Operations The Prairie Operations consist primarily of Fording’s Genesee, Whitewood and Highvale, Alberta thermal coal mining operations, its undeveloped resource properties in Alberta, Manitoba and Saskatchewan, royalties receivable from third parties mining at Fording’s mineral properties at locations in Alberta and Saskatchewan, and related assets and liabilities constituting the thermal coal business of Fording.

• On the Effective Date, Fording will transfer the Prairie Operations, subject to the Fording Royalty, to SCPII or an affiliated entity of OTPP and Sherritt on the terms set out in the Prairie Operations Sale Agreement for $225 million, subject to adjustment for working capital.

• The Prairie Operations also collect royalties from third-party mining of the Corporation’s mineral reserves at locations throughout the Prairie Provinces.

• The Company’s Prairie Operations supply thermal coal to electrical utilities.

• See “Description of the Business as Constituted on December 31, 2002 — Prairie Operations — Description of the Operations”.

• The Fording Royalty applies in respect to any expansion of production from lands forming part of the Prairie Operations beyond current levels (other than the planned 2005 expansion of the Genesee mine).

More Definitions of Prairie Operations

Prairie Operations means the Fording assets described in the Prairie Operations Term Sheet attached as Schedule 2.3(c), which, for greater certainty, excludes thermal coal that is mined in Fording's metallurgical coal mines;

Prairie Operations means Fording’s thermal coal mine operations from two mines at Genessee and Whitewood, Alberta and royalties collected from third parties mining Fording’s mineral properties at locations in Alberta and Saskatchewan;