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Alberta Settles with Atrum Coal for $104M
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Alberta Settles with Atrum Coal for $104M
Atrum Coal Ltd. prevailed in its lawsuit with the provincial government of Alberta, Canada. The coal company agreed to discontinue its claim alleging, among other things, the de facto expropriation of its Elan Coal leases, and to surrender the Elan Coal leases back to the Government of Alberta in exchange for payment of C$142.8 million ($104.7 million). The government will retain C$6 million ($4.4 million) of the payment until reclamation work r…
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