Peabody Energy, SSA Marine ink deal for Powder River coal exports
Mar 1, 2011 | The Wall Steet Journal | Edited by 592818804

U.S. coal producer Peabody Energy has signed a deal with SSA Marine to export coal from the Powder River Basin from a proposed export terminal in Washington state.

The companies agreed to ship up to 24 million tonnes of coal a year through the proposed terminal, called Gateway Pacific, near Bellingham, Wash. just south of the U.S.-Canadian border.

The terminal would serve as the U.S. West Coast hub for exporting Peabody's coal from Wyoming to China, South Korea, Japan, India and other Asian countries, the company said.

Coal from Wyoming and Montana, which traditionally stays within U.S. borders, is now profitable to export, thanks to rapidly industrializing nations such as China, where coal is the most common power-plant fuel.

The company said demand for seaborne coal demand is expected to top 1 billion tonnes this year, amid fast-growing demand in Asia.

If you have any questions or comments about this article, please contact us by
  E-mail   Save   Print
Prev : Noble Group seeks more Mongolia coal deals
Next : Australia’s steelmaking coal exports to rise 3 pct
Relevant News:
CITIC Resources sells met coal assets to Pembroke May 12, 2016
Peabody sells Australian coal assets May 10, 2016
Peabody's Australian mines sag ahead of bankruptcy May 9, 2016
US coal giant Peabody files for bankruptcy Apr 14, 2016
Peabody, Arch coal mines lay off 465 workers from NE Wyoming Apr 1, 2016
Recommend It: Average (75 votes)

Phone:0086-351-7219322 Fax:0086-351-4728543 
Copyright © 2009-2012 Shanxi Fenwei Energy Consulting Co.,Ltd.All rights reserved.