Fording announces appointment of Vice President and Chief Financial Officer
25 Agosto 2005 - 8:00PM
PR Newswire (US)
CALGARY, Aug. 25 /PRNewswire-FirstCall/ -- Fording Canadian Coal
Trust (TSX: FDG.UN, NYSE: FDG) today announced the appointment of
Mr. R. J. (Jim) Brown, CA as Vice President and Chief Financial
Officer of the Fording Canadian Coal Trust effective October 3,
2005. Mr. Brown will also be appointed Vice President and CFO of
the Elk Valley Coal Partnership by its managing partner, Teck
Cominco Coal Partnership. Mr. Brown will replace Mr. Ron Millos,
who is returning to Teck Cominco Limited as Senior Vice President,
Finance and CFO to take the place of Mr. John Taylor, who is
retiring. Mr. Brown brings over 28 years of senior financial
experience primarily in the oil and gas industry, most recently as
Vice President, Finance and CFO of High Point Resources Inc. Mr.
Brown holds a Bachelor of Commerce degree from the University of
Calgary and is a Chartered Accountant. He serves as a director for
several public companies and is a member and past Chapter President
of Financial Executives International Canada. "We look forward to
having Jim Brown join our management team," said Michael Grandin,
Chairman and Chief Executive Officer of the Trust. "We would also
like to acknowledge the many contributions which Ron has made to
the success of our organizations and wish him every success in his
new role at Teck Cominco." About Fording Fording Canadian Coal
Trust is an open-ended mutual fund trust. Through investments in
metallurgical coal and industrial minerals mining and processing
operations, the Trust makes quarterly cash distributions to
unitholders. The Trust, through its subsidiaries, holds a 60%
interest in the Elk Valley Coal Partnership and is the world's
largest producer of the industrial mineral wollastonite. Elk Valley
Coal Partnership, comprised of Canada's senior metallurgical coal
mining properties, is the world's second largest exporter of
metallurgical coal, and expects to supply approximately 27 million
tonnes of high-quality coal products to the international steel
industry in 2005. The Trust's shares are traded on the Toronto
Stock Exchange under the ticker symbol FDG.UN and on the New York
Stock Exchange under the symbol FDG. DATASOURCE: Fording Canadian
Coal Trust CONTACT: Susan J. Soprovich, Director, Investor
Relations, (403) 260-9834; Catherine Hart, Investor Relations
Analyst, (403) 260-9817; Email: ; Website: http://www.fording.ca/
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