Xstrata buys Lossan deposit as part of push into Canada
Oct 11, 2011 | 02:55 PM
| Lisa Gordon
Tags
metallurgical coal,
Xstrata,
Cline Mining,
First Coal,
Ken Bates,
Lisa Gordon
PITTSBURGH — Xstrata Coal is buying Cline Mining Corp.’s Lossan coal deposit in British Columbia in its latest push into the Canadian metallurgical coal market.
The Sydney, Australia-based miner has agreed to pay Canadian $40 million ($38.8 million) for the Lossan coal deposit in the Peace River Coalfield. The 3,800-hectare property, which is adjacent to other recently acquired assets, has 240 million tonnes of....
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