A view of the valley from the top of the Greenhills Mine north of Blairmore.
DIEGO SYZ
Pass Herald Reporter
Riversdale Resources Ltd., an Australian-based mining company has recently completed an acquisition of the Crowsnest Pass Complex.
A move that will prove a major economic windfall and bring major industry back to the region for the first time in 30 years, according to Crowsnest Pass mayor Bruce Decoux.
“The acquisition is a culmination of a number of transactions finalizing in a mine development here,’ he says.
The return of major industry to Crowsnest Pass means more local jobs, according to Decoux.
This facility will hire on 100 people initially, says Decoux who continues, for every person hired another seven jobs will be created (according to the company’s hiring record).
The Crowsnest Pass Complex consists of the Grassy Mountain Coal Project, the Adanac, Lynx Creek and Bellevue according to a statement of transaction from Riversdale Resources.
Riversdale Resources Ltd., completed a pre-feasibility study and has re-assessed the quality of the coal quality data, according to the Statement of Transaction.
Riversdale will undertake drilling programs, environmental impact studies, First Nations and Community consultation and commence the feasibility study over the next year, according to the Statement.
Grassy Mountain offers a competitive opportunity for hard coking coal development opportunity and also has close access to a rail system with ports across the country, according to the statement.
Grassy Mountain is a near term development hard coking coal and thermal project, the Statement says.
Bellevue, Adanac and Lynx Creek are coal properties that represent an opportunity for additional coal reserves and resources, according to the statement.
Riversdale along with CONSOL Energy Inc. and Devon Canada are partners in the Grassy Mountain Project, according to the Statement
The Grassy Mountain Project is a part of the Crowsnest Pass Complex, about 150 kilometres south of Calgary, Alberta.near the towns of Blairmore and Coleman.
