Conuma Coal Resources buys Walter Energy Canada’s three mines

A stock photo of the Brule Mine near Tumbler Ridge.

FORT ST. JOHN, B.C. – August 8th was the date that Conuma Coal Resources Limited and Walter signed an Asset Purchase Agreement.

Then on August 16th, the sale was approved. The deal was expected to be finalized September 1st.

CEO of Virginia Conservation Legacy Fund, Inc.,Tom Clarke and Treasurer and co-founder of ERP Compliant Fuels, the parent company of Conuma Coal Resources says that the Brule Mine, which is near Chetwynd, will be the the start of where they will open up the properties. There are also 2 other mines. Wolverine and Willow Creek.

There isn’t a firm timeline on when they are expected to open, but rumors are that Wolverine could open by the beginning of next year, but that depends on how market conditions are.

Story Credit: Trent Ernst, Editor at Tumbler Ridge News.

Original Story: here.