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Wyoming coal producer Cloud Peak files for bankruptcy

December 31, 2020 | By admin | No Comments | Filed in: mtxrtiwaj.

first_img FacebookTwitterLinkedInEmailPrint分享Casper Star Tribune:Cloud Peak Energy, the coal giant that operates two Wyoming mines, filed for bankruptcy Friday amid mounting debt and declining demand.The filing follows months of troubling signs for the Powder River Basin operator, which for a time avoided the economic difficulties of its competitors but had of late experienced growing financial challenges as the market for its product diminished.The company’s filing indicated it had, as of the end of the year, nearly $929 million in assets and almost $635 million in total debts.In its announcement, the company said its mining operations would continue as normal as it moves through the bankruptcy process. But the filing represents the latest concerning episode for coal, which has been one of the main drivers of the state’s economy, along with oil and natural gas.Cloud Peak owns three Powder River Basin mines: the Antelope and Cordero Rojo in Wyoming and Spring Creek in Montana. The mines shipped 50 million tons of coal in 2018. Cloud Peak is Wyoming’s third-largest coal producer, and its mines represent 20 percent of the state’s coal miners in the Powder River Basin.Cloud Peak is the fourth major coal producer in Wyoming, the top coal-mining state, to file for bankruptcy in recent years. Bristol, Tennessee-based Alpha Natural Resources filed for bankruptcy in 2015, followed by top-producing Peabody Energy and Arch Coal in 2016. Westmoreland Coal, which operates the Kemmerer Mine in southwest Wyoming, filed for bankruptcy in October.More: Wyoming coal giant Cloud Peak files for bankruptcy Wyoming coal producer Cloud Peak files for bankruptcylast_img read more

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Joseph 82, Louis 75, turn tables on Scorpions

September 18, 2020 | By admin | No Comments | Filed in: mmfausynf.

first_imgNORTH SOUND, Antigua, (CMC) – Test fast bowler Alzarri Joseph narrowly missed out on what would have been a superb hundred while fellow speedster Jeremiah Louis chimed in with a half-century, as they frustrated Jamaica Scorpions with a brilliant century stand to rescue Leeward Islands Hurricanes.With Hurricanes tottering on 111 for eight after being sent in on Thursday’s opening day, Joseph launched a stunning counter-attack with a pulsating career-best 89 from just 92 balls while Louis struck a measured 75.Together, they put on a 102 for the ninth wicket, a partnership which propelled the hosts to 260 all out.In reply, Scorpions finished on 47 for one, still 213 runs adrift heading into Friday’s day two of the eighth round contest at the Vivian Richards Cricket Ground.It was the new-ball pair off Marquino Mindley and Derval Green who handed Scorpions the iniative, combining for nine of the wickets to fall.Mindley snatched five for 65 while Green claimed four for 84 as they tore through the Hurricanes top order in a devastating new-ball spell.In fact, the hosts were tottering on 14 for three after Green struck twice in the space of three balls in the morning’s fifth over to remove opener Kieran Powell (11) and Amir Jangoo (0).And when Mindley had Keacy Carty caught at the wicket for four, Hurricanes were danger of complete collapse at 22 for four.Captain Jahmar Hamilton inspired the initial fightback, hitting a fluent 40 off 64 deliveries with six fours, while posting 26 for the fifth wicket with Ross Powell (16), 33 with Hayden Walsh (14) for the seventh wicket and 29 for the eighth wicket with Joseph.Once Hamilton departed, however, Joseph took charge. He struck seven fours and half-dozen sixes, dominated the stand with Louis who faced 146 balls in just over 2-½ hours and counted eight fours and two sixes.When Joseph became Green’s fourth wicket, Louis stood firm to add a further 46 for the last wicket with Kian Pemberton (two not out).last_img read more

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