The government of Canada's British Columbia, has hit the pause button on a high-grade anthracite coal mine proposed by Fortune Minerals Limited in the northwest part of the province.
The latest battleground for U.S. President Barack Obama’s so-called war on coal isn’t even in the lower 48 states. It’s across the border in British Columbia.
After reaching a six-year low in its price and recent industry cutbacks to production, metallurgical coal is showing classic signs of a resource that is ready for a cyclical uptrend.