Macro Finance
Why This Canadian Community Is Betting on Coal Again
Bloomberg Markets·October 10, 2026·1 min read
Northback Holdings proposes a metallurgical coal mine at Grassy Mountain in Alberta's Crowsnest Pass, aiming to supply steelmaking coal to Europe and Asia and revive the local mining economy. Opponents, including musician Corb Lund, warn of threats to water quality and surrounding communities. The project comes as Canada seeks new trade partners beyond the United States.
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