| |
May 3, 2018
BACKGROUND
The Sales and Investment Solicitation Process related to the Grande Cache Coal (GCC) assets, managed by Deloitte Restructuring Inc. (the Receiver) in its capacity as Court appointed receiver and manager, has been completed. The Court approved the sale of GCC’s assets to SonicField Global Limited (SonicField) on January 8, 2018 with a view to closing a transaction by the end of May 2018. SonicField has established a new company, CST Canada Coal Limited (CST Coal) to move forward with mining of the GCC property, starting with the No. 8 Mine surface operation.
UPDATE
CST Coal has applied to the Alberta Energy Regulator (AER) to transfer all permits, licences, approvals, dispositions, and existing applications currently held by GCC to CST Coal. GCC’s application to the AER to lift the licence suspension for the No. 8 Mine and the Coal Processing Plant, is under AER review. CST Coal and GCC management continue to work diligently and collaboratively on mine restart planning and preparation activities in advance of the estimated closing date.
GCC, together with CST Coal and the Receiver, appreciate your ongoing support.
April 13, 2018
BACKGROUND
The Sales and Investment Solicitation Process related to the Grande Cache Coal (GCC) assets, managed by Deloitte Restructuring Inc. in its capacity as Court appointed receiver and manager, has been completed. The Court approved the sale of GCC’s assets to SonicField Global Limited (SonicField) on January 8, 2018 with a view to closing a transaction by the end of May 2018. SonicField has established a new company, CST Canada Coal Limited (CST Coal) to move forward with mining of the GCC property, starting with the No. 8 Mine surface operation.
UPDATE
The CST Group Extraordinary General Meeting (EGM) was held on March 28, 2018, during which the shareholders voted in favour of the Acquisition of GCC's assets.
In terms of the Alberta Energy Regulator (AER) applications, GCC received approval related to the Bulk Sampling Permit and will obtain samples for potential customers' quality testing in the coming weeks. GCC previously submitted an application to the AER to lift the licence suspension for the No. 8 Mine and the Coal Processing Plant, which is under AER review. Further, the application to transfer AER licences currently held by GCC to CST has been filed.
CST Coal and GCC management are working diligently and collaboratively on mine restart planning activities in advance of the estimated closing date. Recruitment of staff in Grande Cache and Calgary commenced in February 2018, and continues with several new hires in March 2018.
The hiring priority at the moment is for:
- Heavy Duty Mechanics
GCC continues to review applications for the following positions:
- Maintenance Foreman
- Maintenance Planner
- Surface Mine Operations Foreman
- Senior Mine Engineer
- Senior Geologist
- Mine Engineer
- Coal Quality Lab Technician
- Coal Quality Field Technician
- Process Plant Operations Foreman
- Process Plant Maintenance Foreman
- Mine Controller
- Purchasing Superintendent
Qualified candidates are encouraged to express their interest by sending their resume and cover letter, clearly indicating the role they are interested in the subject line, to: employment@gccoal.com. Only candidates selected for an interview will be contacted.
Please continue to use our feedback form which was posted to the GCC website. Regular updates will continue to be posted at www.gccoal.com.
GCC appreciates your ongoing support.
February 2, 2018
Grande Cache Coal (GCC), the receiver Deloitte Restructuring Inc. and CST Canada Coal Limited, extend our sincere thank you to those who attended our Open House earlier this week. We were pleased to see such a high turn out with almost 200 people present. We would also like to thank the Leaders, Elders and members of the local Aboriginal Groups and Town Council for their time and support. We appreciate the questions and subsequent discussions from the various groups and individuals. We welcome you to submit further feedback using the following form:
As stated at the Open House and in previous announcements, restart planning activities are in-progress for the No. 8 Surface Mine. In the near term we are getting ready to recondition surface mining equipment and are accepting applications for the following roles:
Manager of Finance (Calgary based)
Mine Accountant
Heavy-duty Mechanics
Welders
Electrician
Qualified candidates are encouraged to express their interest by sending their resume and cover letter, clearly indicating the role they are interested in the subject line, to: employment@gccoal.com