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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:17 EDTCLDCloud Peak to begin Big Metal project exploratory drilling
Cloud Peak Energy announced that exploratory drilling is set to begin next week pursuant to the exploration agreement signed in early 2013 by the Crow Tribe of Indians and Big Metal Coal, a wholly-owned subsidiary of Cloud Peak Energy. The Big Metal option and exploration agreements were signed on January 24, 2013, and those agreements were approved by the Bureau of Indian Affairs on June 14, 2013. The terms provide for exclusive options to lease and develop Northern Powder River Basin coal on the Crow Indian Reservation in southeast Montana, near Cloud Peak Energy’s Spring Creek Mine and Youngs Creek Mining and CX Ranch properties.
News For CLD From The Last 14 Days
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August 20, 2014
09:17 EDTCLDCloud Peak announces termination of TRA with Rio Tinto
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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

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