Cloud Peak Energy Inc. Annnounces Proven and Probable Reserves as of December 31, 2011 and the Schedule for Full Year and Fourth Quarter 2011 Results
Cloud Peak Energy Inc. (NYSE:CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (PRB) coal company, announced a substantial increase in proven and probable reserves for the year ended December 31, 2011. Following the successful bids for two large coal tracts at the Antelope mine in May and June of last year, Cloud Peak Energy had approximately 1.37 billion tons of reserves as of December 31, 2011, up from approximately 970 million tons as of December 31, 2010.? | Recoverable Reserves | |||||||
| 12/31/2011 | ? | 12/31/2010 | ||||||
| Proven | ? | Probable | ? | Total | Total | |||
| Mine | (tons in millions) | |||||||
Antelope | 519 | 164 | 683 | 252 | ||||
Cordero Rojo | 274 | 96 | 370 | 385 | ||||
Spring Creek | 286 | 25 | 311 | 329 | ||||
Decker (50% interest) | 3 | ? | 3 | 4 | ||||
| Total | 1,082 | 285 | 1,367 | 970 | ||||
? | ||||||||
Schedule for Release of 4Q/FY 2011 Results
Cloud Peak Energy plans to announce its full year and fourth quarter
2011 financial results on February 16, 2012, after the markets close.
A conference call with management is scheduled at 5:00 p.m. ET on
February 16, 2012, to review the results and current business
conditions. The call will be webcast live over the Internet from the
Company's website at www.cloudpeakenergy.com
under 'Investor Relations.? Participants should follow the instructions
provided on the website for downloading and installing the audio
applications necessary to join the webcast. Interested individuals also
can access the live conference call via telephone at 800.510.9661
(domestic) or 617.614.3452 (international) and entering pass code
46519770.
Following the live webcast, a replay will be available at the same URL
on the company′s website for seven days. A telephonic replay will also
be available approximately two hours after the call and can be accessed
by dialing 888.286.8010 (domestic) or 617.801.6888 (international) and
entering pass code 95978431. The telephonic replay will be available for
seven days.
About Cloud Peak Energy ?
Cloud Peak Energy Inc. (NYSE:CLD) is headquartered in Wyoming and is one
of the largest coal producers in the United States. As one of the safest
coal producers in the nation, Cloud Peak Energy specializes in the
production of low sulfur, sub-bituminous coal. The company owns and
operates three surface coal mines in the Powder River Basin, the lowest
cost major coal producing region in the nation. The Antelope mine and
Cordero Rojo mine are located in Wyoming and the Spring Creek mine is
located near Decker, Montana. With approximately 1,550 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.