The coal deposit, which covers an area of about 3,800 hectares, is located in the Peace River Coalfield of north eastern British Columbia.
The acquisition of Lossan increases the company’s total tenure in the Peace River Coalfield to almost 100,000 hectares.
Xstrata said Lossan has an NI 43-101 compliant resource of 240 million tonnes, with 186 million tonnes being in the measured and indicated categories.
Lossan is surrounded by a group of licences recently acquired by Xstrata through the acquisition of First Coal Corporation.
