The Street reported that the government data of coal and fuels exports are on track to set new annual records. as demand in developing countries soars as governments in China and India work to bring power to the millions without electricity.
As quoted in the report:
On Thursday Kentucky Gov. Steve Beshear announced a 25-year, $7 billion agreement between India’s Abhijeet Group and Kentucky-based Booth Energy Group and River Trading Co. that could send 9 million tons of coal a year to India from West Virginia and Kentucky. That would represent 8 percent of last year’s record 107 million tons. Click here to read the full report.