Alabama state port buying coal terminal

MOBILE, Ala. (AP) – Alabama’s state port in Mobile is purchasing a coal terminal and nearby land in a deal worth $25 million.

The Birmingham-based Walter Energy Inc. says it has reached an agreement with the Alabama State Port Authority to sell the Blue Creek Terminal and more than 60 acres of land.

Docks director Jimmy Lyons says the deal will help the port of Mobile expand its container shipping business.

The state also is agreeing to make improvements at its McDuffie Coal Terminal to make sure Walter Energy can export coal that will be produced when its Blue Creek Mine is completed in Tuscaloosa County.

The state port at Mobile handles more than 25 million tons of cargo each year.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s