ASX-listed coal developer Atrum Coal has settled all litigation proceedings with former founders Russel Moran and Gino D’Anna, owners of new venture BC Anthracite. Atrum announced on Wednesday that the parties had reached a no-liability settlement, which would be dismissed by consent. Not only did Atrum secure an additional five tenements to add to the Groundhog East area, in British Columbia, Canada, but BC Anthracite also granted royalty over 31 of its tenements in the region.
