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Ky. coal producers win $7B contract

Tennessean / Courier Journal -- Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal that is a much needed shot in the arm to the region’s sagging mining industry.

The deal, which would represent about 8% of Kentucky’s annual coal production, could help avert future power outages such as the one last week that left more than 600 mil. people without electricity.

New Jersey-based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall and FJSE River Coal.

“International exports present a promising opportunity for Kentucky coal producers, as is demonstrated by this deal, and consequently for our communities whose econom


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Submitted Aug 17, 2012 By: DellDude2
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REPLIES (newest first) Post a Reply
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rjhenn
Champion Author Des Moines

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Message Posted: Aug 21, 2012 11:17:44 AM

Honda, that power outage was in India.
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 21, 2012 4:02:07 AM

funny how the projections always say "could help avert" or something along the lines. That would mean, that all production remains where the product was attained, not sold to the highest bidder.
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 20, 2012 3:59:50 AM

keep in mind the cost in human lives (not just direct loss, but indirect by means of black lung and other health issues cutting miners' lives short) and coal isn't as great an energy source as it appears.
But then, when have Americans of the past 40 or 50 years really cared what happens to others.
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Aug 18, 2012 10:43:45 PM


Geez, do you really believe N5EXY that, " (In case of war Obama would) deprive America of the energy it needs to function and compete in the world."

Really? It would be the biggest Nuclear War you could ever imagine. The strength of the US is that we have many form of energy....and don't depend on just 1 or 2 sources.

Beside....with current technology, it would have to be either Canada or Mexico that would have to have the rockets to do so. Right now the only thing we don't like about the Canadian for is clogging up the lines at Costco. Scary!
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sparky808
Champion Author Honolulu

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Message Posted: Aug 18, 2012 2:11:26 PM

Thank you for posting.
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jethro5000
Champion Author Kentucky

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Message Posted: Aug 18, 2012 11:48:12 AM

I heard this on the radio
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kyjlh
Champion Author Kentucky

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Message Posted: Aug 18, 2012 7:04:39 AM

good
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tomok
Champion Author Portland

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Message Posted: Aug 18, 2012 4:05:43 AM

Export coal to other countries and let them worry about the consequences. But, it's jobs for Kentucky and that’s a good thing.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
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shstew
Champion Author British Columbia

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Message Posted: Aug 17, 2012 10:54:50 PM

Good for them
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Bezalel
Champion Author Oklahoma City

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Message Posted: Aug 17, 2012 10:34:04 PM

Export 'dirty' coal. Keep refined product here.
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rahcat
Champion Author Grand Rapids

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Message Posted: Aug 17, 2012 10:15:47 PM

Just watch Obama try to kill this deal with his buddies at the EPA.
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jrschl
Champion Author Louisville

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Message Posted: Aug 17, 2012 10:07:27 PM

Good for the economy. Plus more jobs to help clean up the pollution from India.
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jrsva
Champion Author Virginia

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Message Posted: Aug 17, 2012 10:06:14 PM

That’s good for our balance of trade but bad from most other perspectives. It will probably be burned with lower standards for pollution control in India than in the US. Much Kentucky and West Virginia coal is mined by mountaintop removal / valley fill, which is extremely destructive. The mine owners and shippers will make a lot of money, the mine workers will make a little money, and the global environment will suffer.

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heartbroken2010
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Message Posted: Aug 17, 2012 10:06:07 PM

good stuff.
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N5EXY
Champion Author Austin

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Message Posted: Aug 17, 2012 10:05:07 PM

If you still need a reason to defeat Obama then consider his administration’s intense effort to deprive America of the energy it needs to function and compete in the world.
If a foreign nation had launched an attack on America to destroy its coal-fired plants, to shut down its coal mines, and to thwart its ability to drill for oil and natural gas, we would be at war with it.
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shores4now
Champion Author Kentucky

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Message Posted: Aug 17, 2012 10:03:41 PM

great
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Aug 17, 2012 10:02:27 PM


A Win-Win for everybody!
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