The mining newspaper for Alaska and Canada's North

BC pays C$18M for Arctos licenses

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. Fortune an...

 

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