Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Fortune Minerals mulls strategic alternatives for project Add to ...

Fortune Minerals Ltd. said Wednesday it is looking at strategic alternatives to advance its Mount Klappan anthracite coal project in northwest British Columbia.

The miner, based in London, Ont., said it has hired CIBC World Markets Inc. to help it look for potential strategic partners and to evaluate potential transactions.

More Related to this Story

Engineering studies of the Mount Klappan project's Lost Fox deposit have contemplated a 3 million tonne per year mine and wash plant to produce a premium ultra-low volatile pulverized coal injection product.

A feasibility study update is expected to be completed this month.

Together, deposits on the property contain measured resources of 107.9 million tonnes, indicated resources of 123 million tonnes, plus 2.572 billion tonnes in the inferred and speculative classes.

Follow us on Twitter: @GlobeBusiness


In the know

Most popular video »


More from The Globe and Mail

Most Popular Stories