Foreign ownership of U.S. coal mines
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This article is part of the Coal Issues portal on SourceWatch, a project of Global Energy Monitor and the Center for Media and Democracy. See here for help on adding material to CoalSwarm. |
Contents
United Coal
In May 2009 Ukrainian business group SCM Holdings/Metinvest purchased United Coal for an estimated $1 billion. Metinvest is an international, vertically integrated mining and steel group of companies, comprising 23 industrial companies leading the mining and steel industry of Ukraine and the Commonwealth of Independent States. [1].
Trinity Coal
- "India steel firm Essar buys Trinity Coal," Coal Age, March 2010
Coal India shops for U.S. mines
- Tom Zeller, Jr., "India shopping for coal mines in Appalachia," New York Times, October 23, 2008
Foreign participation in federal coal leases
According to one legal analysis, partnerships, LLCs, or individuals with foreign ownership may not be able to hold federal coal leases; however, "there are ... some ways to structure around this limitation."[2]
Resources
References
- ↑ "Ukraine oligarch buy US coal group" Financial Times, May 1, 2009
- ↑ Scot W. Anderson, "Western Coal Transactions Require Special Attention," DGS Coal Practice Group Newsletter, March 2002
Related SourceWatch articles
External resources
- "India steel firm Essar buys Trinity Coal," Coal Age, March 2010
- "Billionaire Hans Mende in midst of coal kerfluffle," The Australian, May 9, 2009
- "Wealthiest man in Europe buys United Coal," The Mountain Eagle, May 9, 2009