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BC pays C$18M for Arctos licenses


Last updated 5/10/2015 at Noon

Fortune Minerals Ltd. and POSCO Canada Ltd. May 5 announced the completion of an agreement with the British Columbia government, under which the British Columbia Railway Company has purchased 61 contiguous coal licenses in the Klappan region of northern B.C. for C$18.31 million.

These coal licenses belonged to the Arctos Anthracite Joint Venture, a partnership between Fortune and POSCO. Fortu...

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