Conuma Coal buys Walter Energy’s Canadian assets
VANCOUVER (miningweekly.com) – The court-approved sale of Walter Energy Canada’s three Canadian mines to Conuma Coal Resources, a member of the ERP Group of Companies, has closed.
Conuma intends to resume mining operations at the Brule mine in the near future and may resume operations at the Wolverine and Willow Creek mines in 2017, depending on market conditions.
In December 2015, Walter Energy Canada and certain of its affiliates and partnerships obtained creditor protection in Canada under the Companies' Creditors Arrangement Act.
The sale of the company's assets was approved by order of the Supreme Court of British Columbia on August 16.
Walter Energy Canada, which is the holding company for Walter Energy's Canadian and UK operations, intends to pursue a transaction for its interests in the UK assets, which are not subject to creditor protection.
Walter Energy Canada and Walter UK were not part of the US Chapter 11 filing of Walter Energy on July 15, 2015, and were not included in the asset purchase agreement that Walter Energy entered into on November 5, 2015.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation