TORONTO (miningweekly.com) – Vancouver-based Teck Cominco's acquisition of Fording Canadian Coal Trusts' assets has closed, the diversified miner reported on Thursday.

Elk Valley Coal, in which Teck held 40% and Fording held 60% before the transaction, will now be renamed Teck Coal Limited.

Fording units have already ceased trading on the TSX and NYSE, Teck said.

The company announced in July that it would offer $82,00 in cash and 0,245 of a Teck Cominco class B subordinate share for every Fording unit, in a deal that would make it North America's biggest exporter of metallurgical coal, and the second-largest in the world.

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