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

(2) Comments

  1. gimpy
    Report Abuse
    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
    Report Abuse
    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.
Add Comment
You must Login to comment.

Click here to get an account it's free and quick

Connect With Us

Contests

Hunt for the TDN Easter Egg

Hunt for the TDN Easter Egg

Get daily clues, track down the TDN Easter Egg and win a $500 Visa gift card.

March 20, 2015 7:00 am(0)
Auto Racing Challenge

Auto Racing Challenge

Pick the 10 drivers you think will finish 1st through 10th for each race. Your top 15 races count as your overall score. Compete for great nat…

February 16, 2015 10:30 am

Featured Businesses

Latest Local Offers

Want more?

Visit http://tdn.com/email-updates/signup for more ways to save money and stay connected with your community .

Participate

Youth Sports Photos

Submit your youth sports photo to the B & B ENTEK youth photo page. Your photo could appear in the sports section of the Sunday edition of the printed paper and will appear in the online photo gallery!

TDN on Twitter