Tent Mountain And Chinook Unaffected By Alberta Government Decision
Montem Resources Limited (ASX: MR1) has confirmed it will continue its development plans on two coal projects in Alberta which remain unaffected by a recent Alberta Government decision.
The Government of Alberta has halted all exploration activities on Alberta 1976 Coal Development Policy Category 2 lands while it completes a public consultation process for development of a new Coal Policy.
However, Montem says that as its Tent Mountain Mine and the Chinook Project are on Category 4 lands, its activities remain unaffected by the decision.
Montem stated that it supports the Government’s process to devise an updated coal policy for Alberta which includes a public consultation period and it will continue to stay involved in the consultation.
An independent committee undertaking public consultation will report to the Alberta Government by November 15, 2021.
Montem completed a Definitive Feasibility Study (DFS) on the Tent Mountain Mine in 2020. The DFS is providing guidance for the re-start project, with the aim to be exporting coal in 2023.
Montem is also progressing the Chinook Project which covers historical mines that previously exported hard coking coal to Japanese steel mills. The Chinook Project has the potential to produce multiple open-cut hard coking coal mines, and the company plans to explore, define and develop these mines.
