Fortune Minerals Acknowledges BC Government’s Decision to Restrict Petrol and Gas Development in Klappan Area

Fortune Minerals Limited (TSX:FT) announced its acknowledgement of the BC Government’s decision to restrict petroleum and natural gas development in the Klappan area of northwest BC. The Company reported that coal will remain unaffected by this decision.

As quoted in the press release:

Coal mining remains unaffected by this decision. Fortune and POSCO Canada Limited (“POSCAN”), Fortune’s 20% joint venture partner in the Arctos Anthracite Joint Venture (“AAJV”), recognize that the Arctos anthracite metallurgical coal project is located in an area of significant spiritual, cultural and environmental importance to the Tahltan and Iskut people, and are committed to sustainable development of the project for the benefit of Aboriginal groups and stakeholders.

Fortune, President and CEO, Robin Goad, commented:

Fortune will continue working toward development of the Arctos project and will continue consultation with local communities and Aboriginal groups to address concerns related to our project.

Click here to read the Fortune Minerals Limited (TSX:FT) press release
Click here to see the Fortune Minerals Limited (TSX:FT) profile

Get the Latest Coal Investing Stock Information

Get the latest information about companies associated with Coal Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Get Our Expert Guide to Coal Investing FREE!

Download this FREE Special Report, Coal Price Forecast: Types of Coal, Coal Prices and Coal Stocks

Leave a Reply