Cloud Peak Energy (NYSE: CLD) announced July 2 that the company’s Cordero Rojo Mine, located in northeastern Wyoming in the Powder River Basin, will ship its one billionth ton of coal in the coming days.
The mine sold approximately 36.7 million tons of coal in 2013, ranking it as the third largest coal mine by production in the U.S. last year. The top two mines in the nation are also Wyoming PRB mines of Peabody Energy (NYSE: BTU) and Arch Coal (NYSE: ACI).
“Achieving the one billion ton milestone is a testament to the hard work and strong focus on safe and responsible production by Cordero Rojo Mine’s employees,” said Colin Marshall, Cloud Peak Energy President and CEO. “Cordero Rojo will continue to play an important role in U.S. coal production well into the future.”
“I want to congratulate all of our employees on reaching this significant mark,” said Joe Vaccari, Cordero Rojo Mine General Manager. “Hitting one billion tons of coal shipped is quite an accomplishment for the Cordero Rojo Mine. We are proud to help America meet its energy needs for safe, reliable and affordable electricity.”
Started in 1976 by Sun Oil, the Cordero Mine shipped just over 10,000 tons in its first year of operation. The Cordero Mine was merged with the Caballo Rojo Mine in 1997, to create the Cordero Rojo Mine. Since merging the two mines, the complex has historically produced over 35 million tons annually.
Cloud Peak Energy is headquartered in Wyoming and is one of the largest U.S. coal producers and the only pure-play PRB coal company. The company owns and operates three surface coal mines in the PRB, the lowest cost major coal producing region in the nation. The Antelope and Cordero Rojo mines are located in Wyoming and the Spring Creek mine is in Montana. In 2013, Cloud Peak shipped 86 million tons from its three mines to customers located throughout the U.S. and around the world.