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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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August 14, 2014
08:21 EDTCLDWhile Appalachian mines close, U.S. ramps up coal imports, WSJ says
Coal imports surged 44% to 5.4M metric tons during the first six months of this year compared with last, despite coal mines closing throughout the Appalachia region, reported The Wall Street Journal, which noted that IHS Energy said it costs $26 a ton to ship coal from Central Appalachia to Florida but only $15 a ton to get coal from a mine in Colombia. Imports supply just 1% of U.S. coal consumption, but the imports, especially from Colombia, "are a factor" in mine closings, the report added. Publicly traded coal companies include Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU), Alliance Resource Partners (ARLP), and Walter Energy (WLT). Reference Link
August 8, 2014
09:18 EDTCLDWestmoreland announces monetization of port agreement
Westmoreland Coal (WLB), through its Coal Valley Resources subsidiary, has entered into several agreements that will result in all of its Coal Valley Mine export tonnage being shipped through Ridley Terminals located in Prince Rupert, British Columbia, Canada, beginning January 2015. CVRI voluntarily entered into a Termination Agreement with Westshore Terminals, located in Roberts Bank, British Columbia, Canada, to terminate its throughput capacity at Westshore effective as of December 31. Under a separate, but related agreement, Cloud Peak (CLD) paid $37M to CVRI in order to obtain CVRI's capacity at the fully utilized Westshore Terminals.
09:18 EDTCLDCloud Peak amends throughput agreement with Westshore Terminals
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