Tagged: exports

A recent deal to send millions of tons of Appalachian coal to India could bring billions of dollars to Kentucky coal producers over the next twenty-five years. But it’s not very good news for climate change.

The deal will ship up to nine million tons of Appalachian coal to India for the next 25 years. This is a lot of coal—nine million tons is actually about equivalent to the amount of coal purchased by the state of Virginia in 2010.

Financial news service SNL has a story out today with a few more details about the deal that was announced earlier this week between Kentucky coal producers and an Indian company.

Nine million tons of Appalachian coal will be heading to India this year, after a new deal was announced yesterday between several Kentucky coal producers and an Indian company. This is good news for the struggling Kentucky coal industry—but it may not be enough.

Kentucky’s two largest cities are looking to help businesses expand their markets.

Louisville and Lexington have formed a business partnership called the Bluegrass Economic Advancement Movement, or BEAM. On Monday, BEAM officials announced plans for an export service for businesses in each city and along Interstate 64 between them.