Investors drop out of Oregon coal port project
A document posted on the International Port of Coos Bay website Monday says that Mitsui & Co., the US subsidiary of a Japanese trading company, and Korean Electric Power Corp., the potential buyer of the coal, are no longer part of the project.
The development was first reported by Oregon Public Broadcasting.
Metropolitan Stevedore Company of Wilmington, Calif., renewed its exclusive negotiating agreement with the port through March 31
Coos Bay is one of five Northwest ports interested in exporting coal mined in Montana and Wyoming to markets in Asia.
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