On Friday, Bowie's executive chairman John Siegel acknowledged his firm "has a vested interest in [Terminal Logistics Solutions] along with others and we are proud of that."
Despite Quasha's earlier assertion, Siegel
said Bowie's interest in the Oakland terminal stemmed from its ability to move a variety of products.
While coal is our central commodity, we are looking to diversify the company across all commodities that make sense for us," Siegel
"That was central for our interest in the terminal."
Terminal questions • Last year, Siegel
tried to acquire OCI Chemical Corp.
, a major soda ash producer that operates trona mines and processing plants in Wyoming.
Soda ash, processed from tron, is a crucial ingredient in glass, detergents and other industrial products.
lost out to a Turkish firm.
And now, the company is seeking to purchase three coal mines in Colorado and New Mexico from Peabody Energy, which is teetering on the brink of bankruptcy.
will continue efforts to get into soda ash and other non-coal minerals.
"If and when it makes sense to export coal there [at the proposed terminal], we will do it," Siegel
said, "but the focus shouldn't be on coal because it will never be the predominant commodity run through the port at Oakland