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Colonial Coal International Corp V.CAD

Alternate Symbol(s):  CCARF

Steel Steel
Colonial Coal International Corp. is a Canada-based metallurgical coal development company. The Company’s principal activities include the acquisition, exploration and development of coal properties located in Canada. The Company is also engaged in the acquisition of Watson Island, located just outside of Prince Rupert, British Columbia, for the purpose of developing a seaport terminal and supporting an industrial park. Its Huguenot Coal Property is a coking coal project comprised of 17 coal licenses covering an area of approximately 9,531 hectares (ha) located in the Liard Mining Division, northeastern British Columbia, approximately 620 kilometers (km) north-northeast of Vancouver, close to the provincial boundary with Alberta. Its Flatbed Coal Property is a metallurgical coal project comprised of eight coal licenses covering an area of approximately 9,607 ha located in the Liard Mining Division, northeastern British Columbia, approximately 645 km north-northeast of Vancouver.


TSXV:CAD - Post by User

Colonial Coal International Corp > Wow, still no news
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Comment by Canadian0620144on Oct 28, 2021 1:50pm
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Post# 34059850

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wow, still no news

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wow, still no newsNo news mentions CAD, please provide article from globe and mail regarding CAD. Only news is Teck still open to selling Met Coal businesse. Teck also just reported record profit for quarter, majority was from there coal businesses. They have no plan to give these assets away. It actually makes sense for any group of buyers to include Colonial's two met coal deposits in a Teck purchase. My thought is a Teck met coal sale will be positive for CAD.  Very few met coal deposits of CAD size +695ml tonnes in prolific coal mining districts are ever available. The fact that Teck is offering met assets for sale points to the demand they are seeing for these assets. 
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