Metals & Minerals Firms Plan $21.3 Billion in Projects Along U.S. West Coast

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Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. West Coast states of California, Oregon and Washington have a combined $4.3 billion worth of active Metals & Minerals Industry projects under development. Resource-rich Alaska adds an additional $17 billion worth of mainly mining projects, bringing the total Metals & Minerals projects active in the U.S. West Coast to $21.3 billion.

Click on the image at right to view a chart showing the breakdown of Metals & Minerals projects in the U.S. West Coast Region by state.

Demand for resources in the Asian Pacific region has made the West Coast a hot spot of bulk material terminal project activity. Coal and mining companies are looking to take advantage of export opportunities, mainly for coal, and have planned a series of terminal and shipping projects on the Pacific Coast. In Oregon and Washington, there are a number of coal terminals planned. In Clatskanie, Oregon, Ambre Energy Limited (Brisbane, Australia) is planning the multi-phased Morrow Pacific Coal Terminal and Transloading facility. Arch Coal Incorporated (NYSE:ACI) (St. Louis, Missouri) is planning a coal terminal on the Columbia River in Longview, Washington.

In Alaska, mining companies are planning more than 20 major new mines and mine expansions, which total about $17 billion in planned project work. The Alaska Industrial Development & Export Authority is studying the possibility of expanding the Skagway ore terminal.

California has 39 active Metals & Minerals projects, totaling $2 billion. Molycorp Minerals LLC, a subsidiary of Molycorp Incorporated (NYSE:MCP) (Greenwood Village, Colorado), is continuing construction of rare earth mining and processing facilities in Mountain Pass, California. California Steel Industries Corporation (Fontana, California) recently announced plans to construct an electric resistance welded (ERW) steel pipe mill at the company's steel mill in Fontana, California. The estimated $120 million project will compete in the oil & gas tubular market and is scheduled to begin construction later this year for a late 2014 completion.

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