Industrial Metals

CNBC reported that the Montana Land Board approved the lease of the Otter Creek coal tracts to St. Louis-based Arch Coal Inc. for $86 million, despite protests from environmentalists calling to reject the development of the area as it will cause irrevocable environmental harm.

CNBC reported that the Montana Land Board approved the lease of the Otter Creek coal tracts to St. Louis-based Arch Coal Inc. for $86 million, despite protests from environmentalists calling to reject the development of the area as it will cause irrevocable environmental harm.

As quoted in the report:

The governor said he advises coal opponents that the resource will still be mined from somewhere if Montana doesn’t supply it. He argues Montana, which stands to get billions if fully developed, should profit as long as coal is used for a fuel source.

Click here to read the full CNBC report.

MARKETS

Markets
TSX18972.68-131.80
TSXV605.28-3.01
DOW31761.54-228.50
S&P 5003921.05-45.79
NASD11562.57-220.09
ASX6807.30+17.40

COMMODITIES

Commodities
Gold1721.67+3.63
Silver18.81+0.14
Copper3.42+0.03
Palladium2029.00+23.00
Platinum882.00+7.00
Oil96.09+1.11
Heating Oil3.58+0.05
Natural Gas8.97-0.02

DOWNLOAD FREE REPORTS

×