Coal news and updates

Melbourne-based Montem Resources (ASX: MR1) says its two key coal projects will not be impacted by the Government of Alberta’s decision to reinstate a previous coal policy that had been rescinded last June.

 

Furthermore, all Montem’s coal resource estimates are within the reinstated policy’s Category 4 — the least restrictive category — and so similarly unaffected.

 

Category 4, in which the company’s planned Chinook and Tent Mountain mines are located, covers areas where surface planning is contemplated.

 

The Alberta provincial government has also indicated that it has issued a directive to the Alberta Energy Regulator (AER) that “no mountain top removal will be permitted”.

 

That restriction does not apply to Category 4 lands.

 

Source : https://smallcaps.com.au