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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