A major investor is positioning itself to take control of the Australian company trying to build coal export terminals in Oregon and Washington.
A Denver-based private equity firm, Resource Capital Funds, could eventually own as much as 55 percent of Ambre Energy, according to the terms of a deal Ambre shareholders will be asked to [...]
A company that plans to ship Powder River Basin coal down the Columbia River has signed a letter of intent with Tidewater Barge Lines of Vancouver, Wash., for transportation service.
Tidewater would operate the tugs and barges needed to move the coal 218 miles from the Port of Morrow at Boardman, Ore., to a terminal [...]
Montana Energy Review reported that Cloud Peak Energy, Inc and Ambre Energy, Ltd announced that negotiations over the purchase of the Decker mine facility in Montana have been indefinitely postponed. While the 2 companies will continue discussions, the deal is not expected to move forward in the foreseeable future.
Currently, Ambre, an Australia based mining [...]
Excerpts from Northwest Public Radio:
Crowds are predicted Tuesday in Portland and Hermiston, Ore. for the latest round of hearings on one of the Northwest’s proposed coal export projects, the Morrow Pacific Project.
The Oregon Department of Environmental Quality is holding two meetings from 8 a.m. to 8 p.m., Tuesday, July 9:
Hermiston: Blue Mountain [...]
Ambre Energy is asking an Oregon agency for a five-month delay to decide whether the company can start building a coal export facility on the lower Columbia River. Company officials say they’re still on track to start operating at the end of 2014.
In a letter dated Wednesday, Ambre General Counsel John Thomas asked the [...]
The U.S. Army Corps of Engineers’ Portland division said it will only conduct an environmental assessment of Ambre Energy’s Morrow Pacific coal export terminal proposed near Boardman and not the more exhaustive environmental impact statement.
The news is something of a victory for the Australian coal company. The EIS process threatened to add years to [...]
Australian coal giant Ambre Energy hopes to open a $250 million Columbia River coal export terminal by late next year.
That won’t likely happen if the U.S. Army Corps of Engineers decides to require an environmental impact statement. The exhaustive regulatory procedure could delay Ambre’s aspirations by several years.
The pending ruling — which the [...]
Northwest rail routes by Columbian newspaper
1. CHERRY POINT: The Gateway Pacific Terminal could accommodate 54 million import/export tons of bulk commodities per year, largely coal exports. Status: Whatcom County, the Washington Department of Ecology and the U.S. Army Corps of Engineers are preparing a joint environmental impact statement. Pros: Backers say it would [...]
When news first leaked last year that the Port of St. Helens might be working on deals to export coal, Gov. John Kitzhaber called for “an open, vigorous public debate” before any projects moved forward.
But the port’s first major step on coal didn’t follow that blueprint. By the time the port went public in [...]
Plans for a coal export facility would use barges to bring coal up the Columbia River and promise $400 million in economic impact.
[The Ambre project] would bring another $300 million in economic activity once it begins operating at full capacity, delivering 8.8 million tons of coal per year from the Powder River Basin in [...]
Concerns over coal dust have led to recent backlash against the terminals at Port Westward, including demands for further study from Oregon Gov. John Kitzhaber and a move to by potential neighbor Portland General Electric to block one of the projects.
Kinder Morgan’s terminal is one of two proposed at Port Westward and is very [...]
Union Pacific said it is working with Mexican railroad Ferromex on possibly moving coal through the Port of Guaymas, about 240 miles from the US border.
As domestic US coal volumes continue to shrink, Union Pacific executives said they are closely watching terminal developments in Longview, Washington, and even exploring the potential of exporting coal [...]
Candidates for Morrow County commissioner, state Senate District 29 and county surveyor met with community members Thursday evening at the Port of Morrow to talk jobs, natural resources, coal and budget issues facing the region.
Candidates faced questions submitted by community members prior to the forum, including their position on the Morrow Pacific project. The [...]
The Environmental Protection Agency wants a thorough review of the consequences of coal export through Northwest ports, saying the first project in the pipeline — at Oregon’s Port of Morrow — “has the potential to significantly impact human health and the environment.”
It’s not a full victory for environmentalists and tribes near the Columbia [...]
A proposed Morrow County project gained Umatilla County support Wednesday.
Commissioners Larry Givens and Dennis Doherty agreed to have the county write the U.S. Corps of Engineers in support of the Morrow Pacific project, a coal transfer and loading facility at the Port of Morrow.
The commissioners gave the thumbs up after a presentation by [...]