- Cloud Peak Energy (CLD +1.3%) agrees to sell its 50% interest in the Decker mine in Montana and related assets.
- In return for gaining 100% ownership of the mine, Ambre assumes liability for $66.7M in reclamation and lease bonds for the mine; CLD also gains the option to move nearly 8M tons/year of coal through a port proposed by Ambre in Longview, Wash.
- CLD says the deal positions both companies to meet anticipated future growth in Asian thermal coal demand.
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From other sites
at Benzinga.com (Jan 15, 2015)
at CNBC.com (Jan 12, 2015)
at MarketWatch.com (Oct 16, 2014)
at CNBC.com (Jul 9, 2014)
at CNBC.com (Mar 24, 2014)
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