An Australian company says it is buying an interest in coal mines in Montana and Wyoming as interest increases in shipping the product overseas to feed growing energy demands in Asia.
Ambre Energy Limited announced on Thursday it was buying a 50 percent interest in the Decker Coal Company in southern Montana and the Black Butte Coal Company in Wyoming, along with an interest in other coal reserves in the region.
The company earlier this year bought an interest (Millennium Bulk Terminals) in a Columbia River shipping port near Longview, Wash.