Fording's acquisition by Teck Cominco receives approval from all regulators

New York, Sept. 25 - Fording Canadian Coal Trust said that it now has all the necessary regulatory approvals for its acquisition by Teck Cominco Ltd.

The Securities and Exchange Commission has given its consent to Fording's schedule 13E-3 filing. Fording also has clearance from Canadian, U.S., Turkish and Korean competition authorities, a notice of non-opposition from the European Commission competition authority, and confirmation from the Canadian Minister of Transport, Infrastructure and Communities that the transaction does not raise public interest issues.

A special meeting to approve the combination will be held on Sept. 30.

If the plan is approved, Fording will ask the Court of Queen's Bench of Alberta for a final order approving the acquisition.

Fording, located in Calgary, Alta., is an open-ended mutual fund trust and one of the largest royalty trusts in Canada.

Teck Cominco is a Vancouver, B.C.-based mining company.

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