Atrum buys out JV partner Elan in Alberta

Coal miner Atrum Coal has entered into a share sale deed to acquire Canadian firm Elan Coal’s coal properties in Alberta. Atrum, through its subsidiary Kuro Coal Canada, in 2014 acquired a 70% interest in the Elan properties through a joint venture (JV) agreement, under which it spent C$7-million on exploration and the completion of a scoping study.