Kinder Morgan Energy Partners (KMEP) is to invest around $140m to further expand its coal handling facilities along the US Gulf Coast.
As part of the deal Arch Coal has signed a long-term throughput agreement with KMP that will help support the expansion of these export facilities.
Also, Arch and KMP are in final talks to include, in the throughput agreement, port space for coal shipments at KMP-owned facilities on the US East Coast.
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