Lakeshore Coal Handling Corporation News

Kanawha River Terminal Takeover Completed

SunCoke Energy Partners (SXCP) has completed the acquisition of 100 percent of the ownership interest in Kanawha River Terminals LLC (“KRT”) for $86 million. SXCP financed this acquisition with a combination of available cash and its existing revolving credit facility. KRT is a leading metallurgical and thermal coal blending/handling terminal service provider with the collective capacity to blend and Transload more than 30 million tons of coal annually. Due to its strategic river locations and convenient access to highways and railroads, KRT can deliver products to U.S. ports in the Gulf Coast, East Coast and Great Lakes. KRTs operations are expected to be immediately accretive to SXCP’s cash flows and earnings…