3 February 2005
Elk Valley Coal and CPR
Continue Mediation Process in Coal Transportation Contract
Dispute
Fording Canadian Coal Trust
(TSX: FDG.UN, NYSE: FDG) and Canadian Pacific Railway (TSX/NYSE: CP) today said that Elk Valley
Coal and CPR continue to be engaged in mediation to attempt to resolve the
issues between them concerning the transportation of coal from Elk Valley
Coal's mines in southeastern British Columbia to Vancouver area ports for
overseas export.
Pending the outcome of mediation, which commenced on 20 Jan 2005, the
Canadian Transportation Agency has agreed to the parties' request to stay a
ruling on whether final offer arbitration is applicable to the freight rate to
ship coal from Elk Valley Coal's Elkview mine. The Elkview mine is one of five
Elk Valley Coal mines in southeastern British Columbia.
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