Shares in Canada-focused coal developer Coalspur Mines surged after the company announced it had received a $15 million takeover proposal from KC Euroholdings.
Coalspur Mines has announced a major strategic review, including the potential sale of its flagship Vista project in Canada, or sale of the company as a whole.
Coalspur Mines has dumped Forge Group's still-active North American business as its preferred engineering, procurement and construction contractor, as the fallout from the failed engineering company's collapse continues.
