November 13, 2020
Coal Markets and Grassy Mountain: “If You Build It, Will They Buy?”
Socio-economics. Before the Joint Review Panel began its Grassy Mountain hearing, I speculated that the socio-economic effects of Benga Mining’s proposal to exploit metallurgical coal would be the company’s strongest suit. Given the range of serious environmental questions that will be raised in the hearing, I thought Benga had to make a strong case for the positive socio-economic effects its ambitions would have for the people in the Crowsnest, for Albertans, and for Canadians. But a strong case only can be built on a foundation of favourable markets for coking coal. If Benga builds its Field of Dreams, will the global coking coal market be strong enough to realize the company’s financial promises?