- 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

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide