Cline Mining Corp. (CMK.TO: Quote) said it has filed a notice of civil claim in the Supreme Court of British Columbia against the Province of British Columbia with respect to Cline Mining's Lodgepole, Sage Creek and Cabin Creek coal properties located in the Flathead Valley in Southeastern B.C. and the Province's passing of the Flathead Watershed Area Conservation Act.
Cline said it is seeking a declaration that its rights under its coal licenses and coal license applications for the Lodgepole, Sage Creek and Cabin Creek properties were expropriated, taken or injuriously affected by the Province's passing of the Act and of the Flathead Watershed Area Order in Council and Regulation 41/2010 which created a Mineral and Coal Land Reserve on all lands within the Flathead River Watershed Area.
Cline noted that it is also seeking compensation including, but not limited to, the loss of the value of the licenses and applications for licenses for these properties, estimated at in excess of $500 million on a net present value basis over the expected lives of the mines. Cline has retained counsel at Fraser Milner Casgrain LLP in Vancouver, BC to advance the legal proceedings on its behalf.
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by RTT Staff Writer
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