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Japanese firm buys $435m stake in Xstrata's BC coal projects

By: Matthew Hill Diversified miner Xstrata has sold a 25% stake in its British Columbia Coal assets to Japan’s JX Nippon Oil & Energy for $435-million, the companies said on Tuesday. Xstrata, which has been amassing land in the Peace River coalfields, said technical studies of its two most advanced projects in... 

Company Announcement: Xstrata Coal to Acquire Sukunka Hard Coking Coal Deposit

Xstrata Coal has agreed to acquire the Sukunka hard coking coal deposit (“Sukunka”) from Talisman Energy Inc for US$500 million in cash, subject to customary conditions. 

Xstrata gets in on BC coking coal action with C$40m acquisition

By: Matthew Hill Diversified major Xstrata has further dug into Canada’s coking coal, with the C$40-million purchase of the Lossan metallurgical coal deposit in British Columbia from Cline Mining, the Switzerland-based company said on Friday. The acquisition follows hot on the heels of Xstrata’s August... 

Anglo, partners seek buyers for BC met coal ops

By: Matthew Hill Diversified miner Anglo American's minority partners in its Canadian coal assets, Peace River Coal, have agreed to sell their holdings too, simplifying the planned sale. The asset is a small one - it only produced 770 000 tons of coal in 2008, but Peace River does have significant expansion... 

Company Announcement: First Coal receives approval to extract bulk sample of coal

Attached please find a press release on: British Columbia’s Chief Inspector of Mines has approved the application by First Coal Corporation (First Coal) to amend its exploration permit (the Bulk Sample Amendment) and extract a bulk sample of up to 50,000 tonnes of coal from its Central South... 

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