House Committee Approves Coal Swap

Forbes reported that a congressional committee approved a coal swap between Great Northern Properties and a Northern Cheyenne Indian Reservation.

The market news is quoted as saying:

Not all of the federal coal could be mined. The tribe also would receive 40 percent of royalties on future sales of the coal acquired by Great Northern, with the company getting the remaining 60 percent.

To read the full market news, click here.