 Cloud Peak Energy headquarters in Gillette, Wyoming | |
| Company type | Public |
|---|---|
| OTC Pink: CLDPQ | |
| Founded | 2009 |
Number of employees | 1200 |
Cloud Peak Energy Inc. is a company headquartered in Gillette, Wyoming which mines coal in the Powder River Basin. The company was formed as a corporate spin-off from Rio Tinto Energy America in 2009.[1][2] In its 2009 Annual Report Rio Tinto stated that it held a 48.3% stake in Cloud Peak Energy and its directly owned mines.[3] Cloud Peak Energy also has a 50% stake in the Decker Coal Company, which operates the Decker Mine in Montana.[3]
According to The Guardian, Cloud Peak Energy Inc was responsible for 0.1% of global industrial greenhouse gas emissions from 1988-2015.[4]
In May 2019, Cloud Peak Energy filed for bankruptcy. An analyst pointed to severe declines in demand for Powder River coal from markets in East Asia and the United States.[5]
- ^ Rio Tinto, "Rio Tinto completes 100 per cent divestment of Cloud Peak Energy with fully exercised over allotment" Archived 2013-06-24 at archive.today, Media Release, December 22, 2010.
- ^ Cloud Peak Energy, "Cloud Peak Energy Inc. Announces Full Exercise of Over-Allotment Option by Underwriters in Secondary Offering of Common Stock on Behalf of Selling Shareholders" Archived 2019-05-17 at the Wayback Machine, Media Release, December 21, 2010.
- ^ a b Rio Tinto, 2009 Annual Report: Production & reserves: Group mines: Energy" Archived 2015-09-24 at the Wayback Machine, Rio Tinto website, 2010.
- ^ "Top 100 producers and their cumulative greenhouse gas emissions from 1988-2015". The Guardian. Retrieved July 30, 2020.
- ^ McKim, Cooper (May 10, 2019). "Cloud Peak Energy Voluntarily Files for Bankruptcy". Wyoming Public Radio. Laramie, Wyoming. Retrieved May 11, 2019.
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