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Jeff Gerth

Lump Of Coal: Promising Mine Deal Hits Headwinds

By Ed Crooks and Javier Blas, Financial Times, and Jeff Gerth, ProPublica This story was co-published with The Financial Times. When Gunvor, one of the world’s largest energy traders, invested $400 million in a troubled Montana coal mine, it looked like a promising deal. The plan was to sell much of the coal to the […]

August 6th, 2012
Jeff Gerth
August 6th, 2012
By Jeff Gerth
This photo shows an open-cut coal mine Feb. 11, 2012. (Photo by Kate Ausburn via Flikr)

By Ed Crooks and Javier Blas, Financial Times, and Jeff Gerth, ProPublica This story was co-published with The Financial Times. When Gunvor, one of the world's largest energy traders, invested $400 million in a troubled Montana coal mine, it looked like a promising deal. The plan was to sell much of the coal to the booming Asian market,

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