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Company launches $3.4-billion lawsuit against province over coal mining ban

Calgary Herald: 'Calgary-based Cabin Ridge Project Ltd. and its parent company, Cabin Ridge Holdings Ltd., say the decision in March amounted to an effective expropriation of “their freehold mineral rights and coal leases.”

'“Cabin Ridge and CRHL acquired the Cabin Ridge Property and additional property interests (including a pipeline and right of way leading to a railway) … for the purpose of developing one of the world’s leading metallurgical (steel-making) coal projects,” a statement of claim filed in Calgary Court of Queen’s Bench says.

'“The Cabin Ridge Project would have created around 500 jobs, provided $2 billion or more in taxes and other revenues for the provincial and federal governments, and generated approximately $9 billion in pre-tax profits.”'

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