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Pacific American Coal sells South Hazell coal project to fund Elko project

Pacific American Coal Ltd. said March 28 that it agreed to sell the South Hazell coal project in British Columbia to North Coal Ltd. for C$1 million in an unsolicited bid.

The South Hazell licenses are directly adjacent to the Michel coal project held by North Coal.

The sale will allow the company to provide additional resources for the development of the Elko coking coal project, also in British Columbia.