Cargill Inc said that its quarterly earnings fell 28 percent, making it one of the largest companies yet to demonstrate how big commodity market disruptions this year have hurt its bottom line.
Minneapolis-based Cargill, a top global commodities trader, was hit by a triple-whammy of unexpected events, including a surge in energy prices in January, [...]
Developers of the Morrow Pacific coal export project on the Columbia River already have land leases with the Port of St. Helens and the Port of Morrow.
But according to the Oregon Department of State Lands, they’re going to need a couple more.
In a recent letter, DSL operations manager Lori Warner-Dickason told project developers [...]
From Energy Global:
Research firm Wood Mackenzie expects lengthy delays to the anticipated Panama Canal expansion to impact the coal, liquefied natural gas and petrochemical industries.
Significant disruptions will limit profitability for US LNG producers, create a tighter shipping market and affect the US Gulf Coast petrochemical industry. On the other hand, US coal producers [...]
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 [...]
Bob Watters, SSA Marine senior vice president, says the recent change in the company’s ownership structure won’t affect SSA’s plan to push ahead with the Gateway Pacific Terminal coal export project at Whatcom County’s Cherry Point.
Watters was elaborating on this Jan. 7 press release, which announces that a subsidiary of Goldman Sachs has sold [...]
The state agency reviewing a proposed oil terminal at the Port of Vancouver piled up more than 31,000 comments before Wednesday’s deadline passed.
The controversial oil-by-rail facility, proposed by Tesoro Corp. and Savage Companies, has taken on a higher profile than any project recently reviewed by the Energy Facility Site Evaluation Council. … The plan [...]
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 [...]
”This is a bright ray of good news in what has been a long, dreary period for the retirees, their dependents and widows who have been desperately worried about what’s going to happen to their health care,” UMWA International President Cecil E. Roberts said in a news release. ”Peabody has spent years trying to [...]
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 [...]
Growing environmental objections to exporting coal from Washington state and Oregon have begun to endanger the coal industry’s hope to restore its flagging fortunes by shipping much more of the embattled fossil fuel to China and India.
Port officials recently dropped plans for a terminal in Coos Bay, Ore., just days after the governors of [...]
Columbia County Planning Commissioners don’t want more land available for industry at Port Westward.
In a 5-1 vote, commissioners opposed the Port of St. Helens’ request to expand Port Westward by 957 acres to “facilitate and attract larger-scale industrial uses and related businesses.” The Columbia County Board of Commissioners will make its final decision in [...]
Patriot declared bankruptcy last year, and is now trying rid itself of one of its most important responsibilities: ensuring that the company’s retirees have are provided with pensions and healthcare. Patriot was created five years ago as a new company, spun off from coal giant Peabody.
BizJournal reported that the United Mine Workers of [...]