Cloud Peak Energy Announces First Quarter Production Results
Gillette, WY, April 13, 2010 – Cloud Peak Energy Inc. (NYSE:CLD) announced that it has submitted its first quarter 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. Cloud Peak Energy Inc. owns a 51.7% controlling interest in Cloud Peak Energy Resources LLC. Rio Tinto owns the remaining interest in Cloud Peak Energy Resources LLC.
The following table provides Cloud Peak Energy’s coal production for the first quarter 2010 and certain historical periods:
| Production
('000 short tons) |
||||||||
| CPE Resources LLC | 1Q | 2Q | 3Q | 4Q | 1Q | Year | Year | |
| Mine | Interest | 2009 | 2009 | 2009 | 2009 | 2010 | 2009 | 2010 |
| Antelope | 100% | 8,021 | 8,597 | 8,882 | 8,523 | 8,468 | 34,023 | 8,468 |
| Cordero Rojo | 100% | 9,807 | 8,364 | 10,567 | 10,600 | 8,919 | 39,338 | 8,919 |
| Spring Creek | 100% | 4,315 | 4,841 | 4,685 | 3,834 | 4,050 | 17,675 | 4,050 |
| Decker* | 50% | 591 | 557 | 649 | 496 | 236 | 2,293 | 236 |
| Total Production | 22,734 | 22,359 | 24,783 | 23,453 | 21,673 | 93,329 | 21,673 |
*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 coal company. 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 1,500 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.
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