Kinder Morgan and Arch Coal Work on Coal Expansion

Reuters reported that Arch Coal (NYSE:ACI) and Kinder Morgan (NYSE:KMI) have reached a coal throughput agreement.

As quoted in the market news:

Arch Coal and Kinder Morgan are in final talks to include, in the throughput deal, port space for coal shipments at Kinder Morgan-owned facilities on the East Coast, the companies said in a statement on Tuesday.

Click here to read the full Reuters report.