The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.
Alabama Mining News
Through April 2014, Colombia supplied about 13.4% of the coal delivered to the Southern plants with units slated to retire or be converted.
The deposit, known as the Hartselle Sandstone, is estimated to contain 7.5 billion barrels of oil sands.
Included in this sample: 152.4m (410 feet) interval was 9.14m (30 feet) grading 3.55% Cg and 19.81m (65 feet) grading 3.78% Cg.