Cloud Peak Energy
Cloud Peak Energy headquarters in Gillette, Wyoming | |
| Company type | Public |
|---|---|
| OTC Pink: CLDPQ | |
| Founded | 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. In its 2009 Annual Report Rio Tinto stated that it held a 48.3% stake in Cloud Peak Energy and its directly owned mines. Cloud Peak Energy also has a 50% stake in the Decker Coal Company, which operates the Decker Mine in Montana.
According to The Guardian, Cloud Peak Energy Inc was responsible for 0.1% of global industrial greenhouse gas emissions from 1988 to 2015.
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.