Once one of the nation’s largest coal producers, Gillette-based Cloud Peak Energy Inc., has cleared a major hurdle that brings the company closer to emerging from Chapter 11 bankruptcy reorganization.

A U.S. Bankruptcy Court judge approved the company’s disclosure statement Thursday, an important step in a legal process that still leaves many unresolved issues. Those include Navajo Transitional Energy Co., which bought Cloud Peak’s three operational Powder River Basin coal mines, assuming more than $400 million worth of reclamation obligations.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.