CST Canada Coal Limited acquires Grande Cache Coal mine for US$430 million

Date Closed

July 18, 2018

Lead Office

Calgary

On July 26, 2018, Deloitte Restructuring Inc., in its capacity as receiver and manager of Grande Cache Coal Corporation, completed the sale of the Grande Cache Coal mine to CST Canada Coal Limited for aggregate consideration of approximately US$430 million. CST Coal is now the owner and permit holder of the previous Grande Cache Coal mine.

McCarthy Tétrault LLP advised Deloitte Restructuring Inc. with a team led by Sean F. Collins that included Walker MacLeod and Pantelis Kyriakakis (Bankruptcy and Restructuring), Roger Taplin and Stephanie Axmann (Mining), Ainslie Hurd (Business), Christopher McHardy (Labour and Employment), and Selina Lee-Andersen (Environmental/Aboriginal).

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