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News Breaks
January 18, 2013
12:53 EDTCLDCloud Peak Energy says unit received imminent danger order on January 15
On January 15, during a routine inspection by the Mine Safety and Health Administration, Antelope Coal LLC, a subsidiary of both Cloud Peak Energy Inc. and of Cloud Peak Energy Resources LLC, received an imminent danger order under section 107(a) of the Federal Mine Safety and Health Act of 1977 at the Antelope mine in Converse County, Wyoming based on an electrical short circuit and resulting arc on an outside pole transformer. Mine personnel immediately took corrective action by isolating the transformer bank, shutting off power to the transformer and arranging for the replacement of the transformer and other appropriate electrical repair work. The repair work is pending completion, and power will remain shut off to the impacted transformer until that time. We expect the order will be terminated upon completion of the repair work.The condition cited in the order referred to above did not result in an accident or injury and did not have a material adverse impact on the Antelope mine’s operations.
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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 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.

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