Cloud Peak Energy Announces Fourth Quarter and Full Year 2010 Production Results
Cloud Peak Energy Inc. (NYSE:CLD) announced that it has submitted its
fourth quarter and full year 2010 coal production to Rio Tinto plc on
behalf of Cloud Peak Energy Resources LLC. This information was provided
to Rio Tinto pursuant to the Master Separation Agreement entered into in
connection with the November 2009 initial public offering of Cloud Peak
Energy Inc. and related separation and transition transactions. As a
result of the December 2010 secondary offering of Cloud Peak Energy Inc.
common stock on behalf of selling shareholders Rio Tinto Energy America
Inc. and its affiliate, Cloud Peak Energy Resources LLC became a wholly
owned subsidiary of Cloud Peak Energy Inc. The secondary offering was
priced on December 15, 2010 and was completed on December 21, 2010.
The following table provides Cloud Peak Energy Resources′ coal
production for the fourth quarter and full year 2010 and certain
historical periods:
Production ('000 short tons)
Mine |
|
|
|
|
|
|
|
|
|
|
| ||||||||||||||||||||||
Antelope | 100% | 8,021 | 8,597 | 8,882 | 8,523 | 8,468 | 8,923 |
|
| 34,023 | 35,917 | ||||||||||||||||||||||
Cordero Rojo | 100% | 9,807 | 8,364 | 10,567 | 10,600 | 8,919 | 10,024 |
|
| 39,338 | 38,559 | ||||||||||||||||||||||
Spring Creek | 100% | 4,315 | 4,841 | 4,685 | 3,834 | 4,050 | 4,935 |
|
| 17,675 | 19,319 | ||||||||||||||||||||||
Decker | 50% | 591 | 557 | 649 | 496 | 236 | 410 |
|
| 2,293 | 1,463 | ||||||||||||||||||||||
Total | 22,734 | 22,359 | 24,783 | 23,453 | 21,673 | 24,292 | 25,478 | 23,816 | 93,329 | 95,259 | |||||||||||||||||||||||
* Production for Decker represents only the 50% interest held by Cloud
Peak Energy Resources LLC
About Cloud Peak Energy?
Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming and is the
third largest U.S. coal producer and the only pure-play Powder River
Basin (PRB) coal company. As one of the safest coal producers in the
nation, Cloud Peak Energy specializes in the production of low sulfur,
subbituminous coal. The company owns and operates three surface coal
mines in the PRB, the lowest cost major coal producing region in the
nation. The Antelope and Cordero Rojo mines are located in Wyoming and
the Spring Creek mine is located near Decker, Montana. With
approximately 1,500 employees, the company is widely recognized for its
exemplary performance in its safety and environmental programs. Cloud
Peak Energy is a sustainable fuel supplier for approximately 4 percent
of the nation's electricity.
Cloud Peak Energy Inc.
Karla Kimrey, 720-566-2900
Vice
President, Investor Relations