Cloud Peak Energy Inc. Company type Public OTC Pink : CLDPQ Founded 2009; 15 years ago (2009 ) Headquarters , United States
Number of employees
1200
Cloud Peak Energy Inc. is a company headquartered in Gillette, Wyoming which mines coal in the Powder River Basin . The company was formed as a corporate spin-off from Rio Tinto Energy America in 2009.[ 1] [ 2] In its 2009 Annual Report Rio Tinto stated that it held a 48.3% stake in Cloud Peak Energy and its directly owned mines.[ 3] Cloud Peak Energy also has a 50% stake in the Decker Coal Company , which operates the Decker Mine in Montana.[ 3]
According to The Guardian , Cloud Peak Energy Inc was responsible for 0.1% of global industrial greenhouse gas emissions from 1988-2015.[ 4]
In May 2019, Cloud Peak Energy filed for bankruptcy . An analyst pointed to severe declines in demand for Powder River coal from markets in East Asia and the United States.[ 5]
^ Rio Tinto, "Rio Tinto completes 100 per cent divestment of Cloud Peak Energy with fully exercised over allotment" Archived 2013-06-24 at archive.today , Media Release, December 22, 2010.
^ Cloud Peak Energy, "Cloud Peak Energy Inc. Announces Full Exercise of Over-Allotment Option by Underwriters in Secondary Offering of Common Stock on Behalf of Selling Shareholders" Archived 2019-05-17 at the Wayback Machine , Media Release, December 21, 2010.
^ a b Rio Tinto, 2009 Annual Report: Production & reserves: Group mines: Energy" Archived 2015-09-24 at the Wayback Machine , Rio Tinto website, 2010.
^ "Top 100 producers and their cumulative greenhouse gas emissions from 1988-2015" . The Guardian . Retrieved July 30, 2020 .
^ McKim, Cooper (May 10, 2019). "Cloud Peak Energy Voluntarily Files for Bankruptcy" . Wyoming Public Radio . Laramie, Wyoming. Retrieved May 11, 2019 .