SNL Financial

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6:16 pm
Wed May 14, 2014

New Coal Export Terminal Proposed In Mexico

The latest proposal for getting coal from the Powder River Basin to world markets involves a port on the west coast of Mexico. According to a report from SNL Financial, a Mexican company is in the process of securing permits for a $700 million export terminal. MEXPORT’s CEO Daniel Suarez told SNL there’s been interest from Powder River Basin coal producers, and if the company is able to raise sufficient capital, it could start exporting by 2017. The company's consultant didn't return calls for comment.

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