Ambre Energy takes over Montana coal mine
By Christina Williams
Sustainable Business Oregon editor
Ambre Energy bought out its partner in a Montana mine.
Ambre Energy, the company behind a high-profile coal export facility planned for Oregon, announced this week it acquired an additional 50 percent interest in the Montana Decker Coal Mine, giving the Australian coal company 100 percent ownership of the mine.
The transaction resolves a legal dispute between Ambre and Cloud Peak Energy, which sold its share in the mine to Ambre, which will either pay $57 million for the share in the first quarter of 2013, or $64 million if the payment comes later. Cloud Peak retains an option for up to 5 million metric tonnes per year of Ambre's capacity at Ambre's co-owned Millennium Bulk Terminals facility in Longview, Wash.
Ambre last month was dealt a setback for its plans to develop a facility near Boardman at the Port of Morrow to unload coal from trains on to barges for shipment to the Port of St. Helens where it would be loaded onto ocean-going vessels. Oregon's Department of State Lands delayed its decision on the permit for that facility to April.
The project is one of several coal-handling facilities in various stages of planning around the Northwest and is thought to be the furthest along. Hearings this week related to the facilities are expected to draw hundreds of protesters. A rally in Spokane on Tuesday drew hundreds of people who support the export facility development.
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