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Montana coal mine deal beset by financing problems

  • MATTHEW BROWN, Associated Press
  • Updated

BILLINGS, Mont. (AP) — More signs of problems have emerged with an Australian company’s bid to take over a Montana coal mine, as court documents reveal Ambre Energy has been unable to come up with more than $70 million in cash to close on the deal.

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Ambre Energy deal stalls

  • Matthew Brown, Associated Press
  • Updated

Deal on Mont. coal mine hits roadblocks BILLINGS, Mont. — A proposed deal on a Montana coal mine that supporters said would boost Asian exports of the fuel via the West Coast has stalled, as court documents show the companies involved are renegotiating terms of the sale.