Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.
Alberta is boosting its use of renewable energy, closing power plants that burn coal and in January increased its tax on carbon emissions by 50 percent.
The Mining Association of Nova Scotia (MANS) is pleased the new provincial government budget provides funding to establish the Mineral Resources Development Fund (MRDF).