Ambre Energy too unstable to profit from coal exports, group warns

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  1. gimpy
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    gimpy - February 14, 2013 7:35 am
    What's missing here is that the contracts with the South Koreans are in the form of loans at 10% interest. And the $50 million from Resource Capital is a line of credit with a 12% interest rate, with interest being added to the principal each month. This project won't bring any financial stability to our area, just more misery down at the old Reynolds plant.
  2. See the Light
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    See the Light - February 14, 2013 8:19 am
    Sounds like history repeating itself....promises to clean up that site, promises of jobs, taxes paid, be a good neighbor.....blah blah blah. Another Chinook Ventures. When are we going to hold Alcoa responsible for cleaning up their contaminated property?? If it had been cleaned up ten years ago, we would have a clean, viable industry there. Instead, we're going to have a "hurry up - cover it up" attempt so we can pile coal on top.
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