Anglo American completes sale of Peace River Coal to Conuma Resources
11 February, 2025
Anglo American announces that it has completed the sale of its Peace River Coal (“PRC”) operations in British Columbia, Canada by way of a sale of all of the shares of its Canadian subsidiary Peace River Coal Inc. to Conuma Resources Limited (“Conuma”), a leading producer of steelmaking coal in Canada, based in Tumbler Ridge, British Columbia. PRC has been on care and maintenance since 2014.
Richard Price, Legal & Corporate Affairs Director of Anglo American, said: “We are delighted to have completed the sale of Peace River Coal to Conuma and hope to see the asset return to production under its new ownership. The high quality steelmaking coal tenures at Peace River Coal will be added to Conuma’s established 5 million tonne production capacity in British Columbia, helping ensure the asset is set up for a sustainable future for the benefit of First Nations partners and all our stakeholders.”
Brian Sullivan, Chief Executive Officer for Conuma said: “The addition of Peace River Coal to Conuma demonstrates our commitment to communities and our business partners. We are humbled to be collaborating with First Nations, Anglo American and British Columbia’s regulatory authorities on caribou conservation and recovery efforts, and other initiatives to reduce the impact of mining. Together, we are charting a path for sustainable mining today and into the future.”
In parallel to the sale agreement, Anglo American has been working with Conuma and Treaty 8 partners to ensure the continuity of the collaborative Caribou Recovery Project first initiated by Saulteau and West Moberly First Nations in 2012. As part of the continuity plan for this project, Conuma will relinquish certain PRC tenures to protect Caribou habitat and implement other initiatives to support Caribou recovery.
Rudy Paquette, Chief of Saulteau First Nation said: “Today’s announcement shows that we can protect the environment, honour our Treaty, and provide for long term sustainable mining operations. I want to congratulate our friends and neighbours in the District of Tumbler Ridge, and the Province, Canada, and Anglo American and Conuma. Working together we can recover endangered caribou populations, attract investment, and create and protect skilled jobs right here in BC and Treaty 8.”
Roland Willson, Chief of West Moberly First Nations said: “In the past, extractive companies have come to Treaty 8 and left the lands devastated and contaminated. Today, we are charting a new path with companies like Anglo American and Conuma to build sustainable development projects that bring a net positive effect to iconic species like Caribou, our community, and our way of life.”
Honourable Jagrup Brar, Minister of Mining and Critical Minerals in British Columbia, said: “Industry partners that demonstrate their commitment to unions, stakeholders, and First Nations to make long-term investments and develop opportunities for British Columbians are valued in our province. That’s why I am happy to see the hard work Anglo American and Conuma have put into the sale of PRC to operate sustainably while benefitting people in our province today and for generations to come.”
Anglo American will continue to work with Conuma, the provincial Government of British Columbia and Treaty 8 partners on this innovative environmental management programme, in line with Anglo American’s commitment to helping ensure a lasting and positive legacy.