The Morrow Pacific coal export proposal is effectively on hold until next year.
The Oregon Department of State Lands denied a key permit needed to construct a terminal at the Coyote Island terminal at Boardman’s Port of Morrow back in August.
The decision was a blow to the $242 million project. But backers, including the [...]
Coal prices spiked in 2011, driven by massive demand from China. But as China invested billions to move domestic coal around the country more efficiently, coal prices began dropping and projects were abandoned.
Slumping coal markets have caught up with the Australian company proposing two export terminals in Oregon and Washington.
Ambre Energy is getting [...]
Oregon’s Department of State Lands on Monday dealt a serious blow to Ambre Energy’s proposed coal export project, denying a key permit needed for construction in the Columbia River.
The permit would’ve allowed Australia-based Ambre Energy to construct a dock in the Columbia River.
More at the Oregonian
Federal judge orders Army Corps to release [...]
Environmental activists from Greenpeace, Tax Fairness Oregon and other groups took their protest against Northwest coal exports to the Portland offices of Ambre Energy this week.
Activists are opposing a proposal to use $2 million from the state’s ConnectOregon grant program to support Ambre’s proposed coal export terminal at Port Westward on the Columbia River.
State and county regulators announced Wednesday they will conduct a sweeping environmental study of the proposed Millennium Bulk Terminals coal dock west of Longview. It will include the effects of train traffic from inland mines and greenhouse gas emissions from coal-burning power plants in Asia.
The decision is a victory for opponents of the $643 [...]
From the Oregonian:
Here are five key takeaways from the report, which was filed with the Australian Securities and Investments Commission (akin to the U.S. Securities and Exchange Commission).
1. Ambre Energy has had trouble raising money. The report says the deal giving Resource Capital more control is the only way for Ambre to keep [...]
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 [...]