Cloud Peak Energy and the Crow Tribe of Indians Announce Pending Crow Tribal Authorization on Option Agreement for up to 1.4 Billion Tons of Sn-Place Coal Near Cloud Peak Energy's Northern Powder River Basin Properties

摘要

GILLETTE, Wyo.--Cloud Peak Energy Inc. (NYSE:CLD), one of the largest U.S. coal producers, and the Crow Tribe of Indians have announced they have reached tentative agreements regarding exploration rights and exclusive options to lease and develop up to an estimated 1.4 billion tons of in-place Northern Powder River Basin coal on the Crow Indian Reservation in southeast Montana, near Cloud Peak Energy's Spring Creek mine and recently acquired Youngs Creek Mining Company, LLC and CX Ranch properties. The agreements are being submitted to the Crow Tribal Legislature for review, which is anticipated during August. If approved by the Legislature, the agreements would be executed by the Tribal Chairman and Cloud Peak Energy and then submitted to the U.S. Department of the Interior for review and requested approval.