Looks like Cline Mining has gone from major watershed threat to final bankruptcy . . .
The Parliament of British Columbia has agreed to a nearly $10 million settlement with a mining company that lost its right to develop coal deposits in the transboundary Flathead River near Glacier-Waterton International Peace Park.
The bankrupt Cline Mining Corp. announced Monday it had reached the out-of-court settlement after claiming it was losing a $500 million potential operation. The B.C. government had revoked mining rights as part of the Flathead Watershed Area Conservation Act in 2010. That legislation solidified an agreement worked out with former U.S. Sen. Max Baucus and Gov. Brian Schweitzer of Montana to protect the Flathead River.
A similar U.S. measure, the North Fork Watershed Protection Act, has passed the House of Representatives but has been blocked in the Senate. It would place the Montana side of the river, known as the North Fork of the Flathead, off limits to energy development. The international agreement allows logging, gravel mining and other recreation activities.