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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
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.
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.
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.
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!
sparky808
Champion Author Honolulu

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

Thank you for posting.
jethro5000
Champion Author Kentucky

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

I heard this on the radio
kyjlh
Champion Author Kentucky

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

good
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!
shstew
Champion Author British Columbia

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

Good for them
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.
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.
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.
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.

heartbroken2010
Champion Author Ottawa

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

good stuff.
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.
shores4now
Champion Author Kentucky

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

great
LetemEatCake
Champion Author Oklahoma City

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


A Win-Win for everybody!
mstearno
Champion Author Dayton

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Message Posted: Aug 17, 2012 9:57:34 PM

good for ky
millerin
Champion Author Orlando

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Message Posted: Aug 17, 2012 9:54:06 PM

hmm...
brutherruther
Veteran Author Fort Worth

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Message Posted: Aug 17, 2012 9:49:13 PM

Ok
southrob
Champion Author Tucson

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Message Posted: Aug 17, 2012 9:46:40 PM

dhan for lower gas
firefly09
Champion Author San Diego

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Message Posted: Aug 17, 2012 9:45:12 PM

HMMMMMMMMMMMM.
SavALot
Champion Author Virginia Beach

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Message Posted: Aug 17, 2012 9:43:05 PM

That's a lot of zeroes
abcdMA
Champion Author Worcester

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Message Posted: Aug 17, 2012 9:42:42 PM

high grade coal which could be part of our energy solution, instead, the administration puts restrictive regulations in place trying to kill coal in the US
Prodaddy
Champion Author Houston

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Message Posted: Aug 17, 2012 9:40:47 PM

Kentucky is full of high grade coal
cokezero
All-Star Author Philadelphia

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Message Posted: Aug 17, 2012 9:39:43 PM

ok
Mermaan
Champion Author Boston

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Message Posted: Aug 17, 2012 9:35:05 PM

nice
drz614
Champion Author Harrisburg

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Message Posted: Aug 17, 2012 9:34:59 PM

now we are selling our coal, great. we can't burn it here but other countries can? how messed up is that?
Tekkersmom57
Champion Author Syracuse

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Message Posted: Aug 17, 2012 9:34:18 PM

Very good post, clermont40miles!
AKmailman
Champion Author Alaska

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Message Posted: Aug 17, 2012 9:34:03 PM

there's nothing wrong with coal, creates more US jobs
and who gives a rats a$$ what they do in the rest of the world
Blue48
Champion Author Illinois

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Message Posted: Aug 17, 2012 9:33:28 PM

GOOD NEWS FOR THEM!
n3tbc
Veteran Author Wilmington

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Message Posted: Aug 17, 2012 9:28:45 PM

Total carbon footprint never changes. We clean up and the rest of the world gets worse...
itsjustme719
Champion Author Hamilton

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Message Posted: Aug 17, 2012 9:28:26 PM

Don't use coal, it's bad for the environment, but we can promote other countries to use it.
uptherefiners
Champion Author Chicago

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Message Posted: Aug 17, 2012 9:27:03 PM

I feel better that people in india won't be left in the dark

I really DON'T feel better that people in the USofA might be left in the dark

wade through the bullshit, and vote with your brains this time

gmcgas
Champion Author Atlanta

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Message Posted: Aug 17, 2012 9:23:42 PM

just stupid. we could use it.
grandamgt1
Champion Author Illinois

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Message Posted: Aug 17, 2012 9:20:38 PM

Funny how we're trying to be "green" in this country by not wanting to use coal, but we're all for exporting this valuable resource.

Wouldn't it make more sense to use our own coal, and let India use windmills?

[Edited by: grandamgt1 at 8/17/2012 11:24:29 PM EST]
mdskier
Champion Author Sacramento

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Message Posted: Aug 17, 2012 9:14:11 PM

So we spend $$ on clean energy & India burns
our smelly old coal.
Is this cleaning up the planet?
Cableman66
Champion Author North Carolina

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Message Posted: Aug 17, 2012 9:13:46 PM

Jobs equal money, food and other such simple items. Those who opose sale of coal must have plenty $$$ so share with your neighbor. That's right this is Obama's plan. No jobs and take your money for others.
mcmonsta
Champion Author Honolulu

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Message Posted: Aug 17, 2012 9:10:59 PM

and guess who profits from this Clean energy?
serrog
Champion Author Nova Scotia

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Message Posted: Aug 17, 2012 9:10:46 PM

How green was our planet
wayoung56
Champion Author Alabama

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Message Posted: Aug 17, 2012 9:09:24 PM

Wonder why the EPA hasn't tried to squash this???
John747
Champion Author Chicago

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Message Posted: Aug 17, 2012 9:07:02 PM

The so-called "clean coal technology" can also be called "expensive technology." Poor people in countries like India need immediate access to "cheap, affordable technology."
farn1958
All-Star Author Twin Cities

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Message Posted: Aug 17, 2012 9:05:13 PM

so we sell then what happens when we need it ? remember there was a time when we were energy self suficent
jpgilmor
Champion Author Houston

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Message Posted: Aug 17, 2012 9:04:17 PM

Good news
knot2swift
Champion Author Calgary

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Message Posted: Aug 17, 2012 9:04:01 PM

Well great.

India is another idiot country that has no environmental standards. At over a billion of them, so what if a few million die a year. I see it as more air for me, more food and water for me.

We need to bring "Clean Coal Technology" to the world as well as here. We'll have a couple of hundred years worth of energy without dropping like flies.
petrpuck
All-Star Author Hamilton

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Message Posted: Aug 17, 2012 9:02:49 PM

we're in the money
Marson
Champion Author Scranton

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Message Posted: Aug 17, 2012 9:02:42 PM

Great for the Kentucky Coal miners and I too agree with I agree with clermont40miles!
carpenter4u
Champion Author Virginia

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Message Posted: Aug 17, 2012 8:59:53 PM

What is Obama going to do to try to stop this
suzmar
Champion Author Texas

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Message Posted: Aug 17, 2012 8:59:17 PM

Good for KY, I agree with clermont40miles!
bra0712
Champion Author Arizona

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Message Posted: Aug 17, 2012 8:57:55 PM

Cool
DriverofRed
Champion Author Calgary

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Message Posted: Aug 17, 2012 8:56:57 PM

ok
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