COAL STUDY: Xstrata, JX Nippon commit $35-M to Suska pre-feasibility

BRITISH COLUMBIA – Joint venture partners Xstrata Coal Canada and JX Nippon Oil and Energy stated their intention to proceed with the $35-million pre-feasibility study of the Suska coal project, located between Tumbler Ridge and Chetwynd....

BRITISH COLUMBIA – Joint venture partners Xstrata Coal Canada and JX Nippon Oil and Energy stated their intention to proceed with the $35-million pre-feasibility study of the Suska coal project, located between Tumbler Ridge and Chetwynd. The announcement was made in Tokyo as part of British Columbia Premier Christy Clark’s trade mission that included stops in Japan, Korea and the Philippines.

The Suska project includes the Lossan deposit that Xstrata acquired from Cline Mining and the assets of First Coal Corp. that it bought in 2011. Xstrata also agreed earlier this year to acquire the adjacent Sukunka coking coal deposit from Talisman Energy. Xstrata has invested about $673 million in the Peace River Coal Fields.

Visit XstrataCoal.com for a map of the company’s global operations (although British Columbia has not yet made the map).

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