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The United States could vault back into the top rank of coal exporters for good this year thanks to Asia’s fuel demand — just as surging gas output and tougher environmental laws threaten mainstay domestic sales. Analysts say total U.S. coal exports could amount to around 100 million tons (91 million tons) this year, leaving [...]  By the [time he retires, Executive Director Larry Paulson] intends for the port to have secured funding for its West Vancouver Freight Access Project, a $137 million expansion of the port’s rail system. … The port also landed a number of big tenants last year, including Farwest Steel of Eugene and international mining company BHP [...] Terminal 5 at Port of Vancouver USA, with Mt. Hood in the background. The port’s decision in 2009 to export potash rather than coal positioned it to accomplish long-term economic development objectives. It also enabled the port to sidestep a growing controversy over whether Washington state should become a big player in exporting coal, [...] Coal train Two companies are pushing to make Washington a major player in the international coal trade. One has sought to ship up to 60 million tons of coal a year from refurbished docks near the Columbia River’s mouth. The other plans to build a major shipping terminal near Bellingham, and has a contract [...] The Interoceanica Highway to the Pacific Ocean is said to turn Brazil from "America's backyard" to a major supplier of natural resources bound for China. New highways stretching across South America from the Atlantic to the Pacific oceans will consolidate Brazil’s role as the continent’s leader and give it an alternative export outlet to [...] Japanese zinc producer Mitsui Mining & Smelting and trading house Itochu have signed an agreement with Canada’s Selkirk Metals for a 50% stake in the Ruddock Creek zinc mine, located 500 km northeast of Vancouver, they said in a joint statement Thursday. The three companies are keen to launch commercial production of zinc and lead-in-concentrate [...] Itochu Corp. (8001) said Thursday it will spend 140 million Australian dollars (11.6 billion yen) to develop coal mining in Australia. The trading house will start building facilities early next year at the Ravensworth North coal mine in New South Wales. Itochu has a 10% stake in the mine. The company plans to begin mining [...] An Ambre Energy subsidiary is investigating Chinook Ventures, former site of an Alcoa aluminum smelter in Longview, Wash., says Michael Klein, Ambre’s vice president of corporate development. The company has posted jobs for executives to develop “a bulk marine terminal in Washington state.” Klein declined to give more specifics, but said coal would likely be [...] Japan is an important player in Alaska’s mining industry. In 2009, mining products accounted for about 14 percent of the US$981 million in commodities the Far North state shipped to the island nation. Japan is nearly 100 percent dependent on imported minerals. Itochu Corp., an enormous and long-lived Japanese company, has agreed to invest as [...] |
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