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Stock Market & Financial Investment News

News Breaks
August 8, 2014
09:18 EDTWLB, CLDCloud Peak amends throughput agreement with Westshore Terminals
Cloud Peak Energy (CLD) announced that its logistics business has increased its committed capacity and extended the term of its throughput agreement with Westshore Terminals Limited Partnership for exports of low sulfur coal from Roberts Bank, British Columbia. In a related agreement, Cloud Peak Energy paid $37M to Coal Valley Resources, a recently acquired unit of Westmoreland Coal (WLB), for CVRI to voluntarily terminate its throughput agreement with Westshore Terminals, freeing up available space at the fully utilized Westshore Terminal. The amendment to Cloud Peak Energy’s throughput agreement is effective as of January 1, 2015 and extends the term through the end of 2024. The amendment also increases annual throughput volumes and associated take-or-pay commitments. As a result of the amendment, Cloud Peak Energy expects to increase its 2015 Asian exports to 6.0 to 6.5 million tons, compared to the 4.0 to 4.5 million tons currently forecasted for 2014. Cloud Peak Energy plans to provide additional 2015 export guidance in early 2015 as part of its year-end 2014 earnings announcement. Starting in 2019, Cloud Peak Energy expects to increase its Asian exports through the Westshore Terminal to 7.0 to 7.5 million tons.
News For CLD;WLB From The Last 14 Days
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December 17, 2014
11:29 EDTCLDJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 15, 2014
07:09 EDTWLBOxford Resource Partners says three proxy advisories support transactions
Oxford Resource Partners (OXF) announced that Institutional Shareholder Services, Glass, Lewis & Co. and Egan-Jones Proxy Services, three independent proxy advisory firms, have all issued reports recommending that Oxford unitholders vote "FOR" on all of the proposals required to carry out the recently announced transactions with Westmoreland Coal (WLB).
December 11, 2014
10:06 EDTCLDCloud Peak says CFO resignation effective March 16, 2015
As previously disclosed by Cloud Peak Energy on September 2, CPE’s current EVP and CFO, Michael Barrett, provided CPE with notice that he is planning to relocate his family back to Australia and expected to resign from Cloud Peak Energy by the end of the first quarter of 2015. CPE also announced on September 2 that it expects to promote Heath Hill, currently Cloud Peak Energy’s Vice President and Chief Accounting Officer, to serve as EVP and CFO following Barrett’s departure. On December 11, Cloud Peak said in a filing that Barrett provided notice that his resignation will be effective at the close of business on Monday, March 16, 2015.
December 9, 2014
12:50 EDTWLBWestmoreland announces coal services partnership with Trafigura
Westmoreland Coal Company announced that it has entered into a coal services agreement with Trafigura AG under which Trafigura will exclusively market certain tons of export thermal coal from Westmoreland’s Coal Valley Mine in Alberta, Canada.

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