Spring Creek Mine

Cloud Peak Energy

Coal from the Montana side of the Powder River Basin will soon be headed to Japan for two new state-of-the-art coal gasification plants in the Fukushima Prefecture. Cloud Peak Energy announced an agreement with Singapore-based JERA Trading to supply coal for up to 40 months beginning at the end of next year.

Montana timber companies are happy that President Trump has slapped new import taxes on Canadian forest products, but backlash is hurting a coal company here.

On Wednesday the premier of British Columbia asked Canadian Prime Minister Justin Trudeau to retaliate against the timber tariffs by shutting down U.S. access to a seaport in Vancouver. That letter caused the stock price of Cloud Peak Energy to drop by 10 percent yesterday.