After its May decision to stop seeking permits, Delaware-based PacRim Coal is giving up what had been a key piece of property in its plans to strip mine coal from the west Cook Inlet’s Chuitna River region.
PacRim planned to export coal from the area through a loading terminal it would build on the Kenai Peninsula Borough-owned shore property known as Ladd Landing, which it began leasing from the borough in September 2009.
The Kenai Peninsula Borough Land Management office is now terminating the PacRim lease and discussing another use of the beach property with oil and gas company Hilcorp, according to Kenai Peninsula Borough Land Manager Marcus Mueller.
Nothing is yet certain, however.
