- Associated Press - Thursday, February 19, 2015

GILLETTE, Wyo. (AP) - Cloud Peak Energy is the only company to turn a profit in 2014 out of the four major mining companies in northeast Wyoming’s Powder River Basin.

The company reported earnings this week that showed it netted $79 million and sold a little more than 87 million tons of coal in 2014.

That was despite weak domestic and international coal prices, poor rail performance throughout the year and a summer storm that left all three pits at Cordero Rojo under water and a shovel flooded up to its cab and then stranded for six weeks.

Cloud Peak CEO Colin Marshall tells the Gillette News Record (https://bit.ly/1w1vTM1 ) that the company shipped about 2 million fewer tons of coal last year than in 2013, mainly because of missed rail shipments.


Information from: The Gillette (Wyo.) News Record, https://www.gillettenewsrecord.com

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