Wyoming Coal Compaany Operating in Black

Cloud Peak Energy is the only company to turn a profit in 2014 out of the four major coal mining companies in northeast Wyoming's Powder River Basin.

The company owns and operates the Spring Creek Mine in Montana, that’s located about 35 miles north of Sheridan and employs a workforce that’s nearly 90 percent from the Sheridan County area.

In information released this week, the company reported earnings that showed it netted $79 million and sold a little more than 87 million tons of coal last year.

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 the Cordero Rojo Mine south of Gillette under water and a shovel flooded up to its cab and then stranded for six weeks.

Cloud Peak CEO Colin Marshall says the company shipped about 2 million fewer tons of coal last year than the previous year, mainly because of missed rail shipments.

(With contributions from The Associated Press.)

SheridanWyoming.com

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