Kinder Morgan Reports Record Export Coal Volumes

KMP also reported it is moving ahead with Phase 3 of the $190 million expansion at the International Marine Terminal. In conjunction with the previously announced Arch and Peabody multi-terminal long-term agreements, KMP is proceeding with Phase 3 of its approximately $190 million export coal expansion at the International Marine Terminal (IMT) located on the lower Mississippi River in Myrtle Grove, La. The project entails adding a new continuous barge unloader, a new reclaim system and an additional 4 million tons of coal storage capacity. The new expansion is expected to be operational late first quarter 2014.