Cloud Peak Energy Announces Fourth Quarter and Full Year 2010 Production Results
Gillette, WY, January 14, 2011 – 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 |
|
Cloud
Peak
Energy
Resources'
Interest
|
|
1Q
2009 |
|
2Q
2009 |
|
3Q
2009 |
|
4Q
2009 |
|
1Q
2010 |
|
2Q
2010 |
|
3Q
2010 |
|
4Q
2010 |
|
Year
2009 |
|
Year
2010 |
| Antelope |
|
100% |
|
8,021 |
|
8,597 |
|
8,882 |
|
8,523 |
|
8,468 |
|
8,923 |
|
9,482 |
|
9,044 |
|
34,023 |
|
35,917 |
| Cordero Rojo |
|
100% |
|
9,807 |
|
8,364 |
|
10,567 |
|
10,600 |
|
8,919 |
|
10,024 |
|
10,349 |
|
9,267 |
|
39,338 |
|
38,559 |
| Spring Creek |
|
100% |
|
4,315 |
|
4,841 |
|
4,685 |
|
3,834 |
|
4,050 |
|
4,935 |
|
5,256 |
|
5,078 |
|
17,675 |
|
19,319 |
| Decker* |
|
50% |
|
591 |
|
557 |
|
649 |
|
496 |
|
236 |
|
410 |
|
391 |
|
426 |
|
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.
SOURCE: Cloud Peak Energy Inc.
Cloud Peak Energy Inc.
Karla Kimrey, 720-566-2932
Vice President, Investor Relations
|
