Coal’s Comeback in Cape Breton: Xstrata to reopen Donkin mine

http://www.ocean-resources.com/articles.asp?articleid=667 Atlantic Canada - Saturday, May 11, 2013 By: Tom Mason Industrial Cape Breton is built on a foundation of coal, both literally and figuratively. The vast Sydney coalfield was the foundation for the Island’s industry for more than 300 years before coming to an end when Nova Scotia Power switched to other fuel sources two decades ago. Now the coal industry may be returning to Cape Breton in a big way. With new owners, lucrative new export markets and an innovative new production strategy, the Donkin mine located between Glace Bay and Port Morien could soon be producing approximately 2.75 million tonnes of washed export grade coking coal per year – an operation that could create as many as 300 direct jobs and hundreds more spin-off jobs in the economically depressed region.

Xstrata Coal Acquires 9.8% Stake in Erdene

http://investor.shareholder.com/erd/releasedetail.cfm?ReleaseID=187441 Conference Call at 9:30 am ET Today February 14, 2006 - Halifax, Nova Scotia - Erdene Gold Inc. (TSX:ERD) today announced it has entered into an alliance agreement with Xstrata Coal Canada Limited (Xstrata Coal), a subsidiary of Xstrata plc (London Stock Exchange: XTA.L; Zurich Stock Exchange: XTA.S), pursuant to which Xstrata Coal will subscribe for 3,000,000 common shares of Erdene at $1.00/share resulting in Xstrata Coal owning a 9.8% equity interest in Erdene. The transaction is expected to close February 16, 2006, subject receipt of all necessary regulatory approvals.