InvestorsHub Logo
Followers 35
Posts 3249
Boards Moderated 4
Alias Born 12/18/2002

Re: amarksp post# 210

Friday, 08/05/2005 4:41:20 PM

Friday, August 05, 2005 4:41:20 PM

Post# of 330
and hopefully any news release does not mention tires (lack of consumables have been cited far too many times!@!!...)

"The global commodities boom has caused a worldwide squeeze on the massive tires needed by mining trucks and other heavy equipment, and officials of the Fording Canadian Coal Trust [NYSE:FDG; TSX:FDG.UN] expressed unease Monday that a lack of tires could deflate production.

''The risk of a shortage of tires continues to be high,'' Popowich said.

''Obviously, a lack of tires will impact the ability to produce coal, and Elk Valley Coal is working hard to prolong tire life at its operations through increased emphasis on haul-road maintenance,'' he added.

''New technologies are also being tested to monitor tire pressure and temperatures at the mines, with some good results. We're also testing a new two-piece tire that has the potential to reduce tire costs in the future.''

The tire pinch is likely to continue for the next year, Popowich indicated, noting that tire makers have said they expect to increase supply in the third quarter of 2006."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.