Coyote Island Terminal LLC
Coyote Island Terminal LLC of Salt Lake City, Utah, is a subsidiary of Ambre Energy, an Australian headquartered company aiming to develop coal projects.
On May 11, 2011, the Port of Morrow Commission approved a one-year lease option with Coyote Island to build a rail off-loading coal terminal on up to 24.26 acres at the Oregon Port to transfer the coal onto barges for shipment to the Millennium Bulk Logistics Longview Terminal in Washington state, and on to customers in Asia. (See Port of Morrow article for more details.)
In May 2013, the Oregon Department of Environmental Quality issued draft permits regulating coal dust at the Coyote Island Terminal at the Port of Morrow. The department will hold public hearings on the air and water pollution permits July 2013, and there is no specific date for final permits. Two of the permits are designed to control the release of coal dust into the air and water while it is being handled. A third permit covers potential erosion during construction. The project is still awaiting a permit for dock construction from the U.S. Army Corps of Engineers.
Parent company Ambre Energy owns a 50 percent interest in two coal mines in Montana, and has contracts to sell 4 million metric tons a year of coal for 10 years to two South Korean utilities. The company is also in discussions with the state of Montana over a $10 million loan to take control of a Montana coal mine to boost exports to Asia.
In November 2014, Ambre Energy sold its US subsidiary to the US private equity firm, Resource Capital Funds (RCF).
Articles and resources
- Dean Brickey, "Utah company sending coal shipments to Asia through Port of Morrow" East Oregonian, May 13, 2011.
- Jeff Barnard, "Oregon coal port gets key draft permit," Associated Press, May 31, 2013.
- "Form 5057A," Australian Securities and Investments Commission, November 12, 2014