The New York Stock Exchange has notified Arch Coal that it no longer meets the stock exchange’s minimum price requirement, the coal company said Friday.
The NYSE requires listed common stock to average at least $1 per share for any period of 30 consecutive trading days; if not, the stock is at risk of being [...]
A coal train heads north through the site of the former Georgia-Pacific mill on the Bellingham waterfront. File photo from the Bellingham Herald.
The company that would build a coal terminal at Cherry Point told a federal agency it needs more time to respond to a tribe’s request to shut down the project.
Seattle-based SSA [...]
Faced with sliding domestic demand for coal, the governor of Wyoming has kept pressing for access to deep-water ports in the Northwest that would allow exports to Asian markets.
Wyoming Gov. Matt Mead met Monday with Washington Gov. Jay Inslee in Olympia and plans to meet Tuesday with Oregon Gov. Kate Brown.
Many in the [...]
Our condolences go out to the families, friends and co-workers of the deceased.
Three port workers were involved in a fatal accident in Waaslandhaven, close to the port of Antwerp. The accident happened at the transport company Euroports in Kallo (East Flanders), Burgomaster Marc Van de Vijver (CD&V) confirmed.
“We heard that the 3 victims [...]
Lummi Nation, which has fished the waters off Cherry Point for centuries, and Crow Nation, a tribe in Montana sitting on billions of tons of coal, have taken opposite stances on a proposed coal terminal on the Lummis’ historic fishing grounds.
Crow Chairman Darrin Old Coyote wrote the U.S. Army Corps of Engineers on Jan. [...]
The Lummi Nation is in a stand-off with SSA Marine over the plans to build a coal terminal at Cherry Point, adjacent to Lummi’s fishing grounds.
The U.S. Army Corps of Engineers is undergoing multiple evaluation processes to determine if a permit should be granted to begin construction of the Gateway Pacific Terminal.
After the [...]
Catherine Mater’s appearance at an Oregon Transportation Commission meeting Thursday in Salem capped a swift turnabout for the Corvallis civil engineer, who was fired this week by Gov. John Kitzhaber after casting a tie-breaking vote last August dooming a $2 million grant that would’ve benefited Ambre Energy, the company proposing to annually export 8.8 million [...]
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 [...]
The United States used only 34 percent of its total coal export capacity and does not need additional terminals, according to a new report that casts doubt on plans to develop new ports on the Columbia River.
The Institute for Energy Economics and Financial Analysis, a Cleveland-based nonprofit, released a report recently by Tom Sanzillo [...]
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 [...]
Federal regulators claim that three men used insider information to profit illegally from Arch Coal’s acquisition of International Coal Group.
Frank Tamayo schemed with two other men to generate more than $5.6 million in profits from 13 mergers and acquisitions, the U.S. Securities and Exchange Commission says in a lawsuit.
One of the transactions [...]
The Port of St. Helens has suffered a second blow in its efforts to expand a marine facility to accommodate oil and coal exports.
The Oregon Land Use Board of Appeals upheld an environmental challenge to its plans to add more than 800 acres to its Port Westward property in Clatskanie on the lower Columbia [...]
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 [...]
Developers of the largest of the region’s proposed coal-export terminals have shifted their site plan to claim a dramatic reduction in impacts on wetlands.
Simultaneously, SSA Marine, the Seattle international terminal operator, said it will speed up plans to operate Gateway Pacific Terminal (GPT) north of Bellingham at full capacity. The capacity planning, along with [...]
Four environmental groups have filed an appeal against the Port of Long Beach’s recent decision to extend two export agreements involving coal and petroleum coke (petcoke).
One agreement, between POLB and the Metropolitan Stevedore Company (MSC), is a 20-year extension agreement that will permit MSC to continue exporting coal out of POLB. The second agreement, [...]