Trafigura gets loan to develop Burnside site
Jun 13, 2013 | 01:07 PM
| Michael Cowden
CHICAGO Trafigura AG has closed on a $200-million tax-exempt long-term bond to pay for the development of its terminal in Burnside, La., which also serves bankrupt aluminum producer Ormet Corp.
Once the work is complete, the Burnside terminal will be one of the top coal and bulk logistics facilities in the United States and the only one on the Mississippi River offering both barge-to-vessel and rail-to-vessel capabilities, Trafigura said June 13.
The Swiss trading house noted that the Burnside terminal, operated by subsidiary Impala Warehousing (US) LLC, already receives regular shipments of bauxite and coal from the companys barge fleet.....
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