Gillette's Cloud Peak Energy Corporation closes deal on $300M Youngs Creek mine
Gillette-based Cloud Peak Energy Corporation struck a deal with Chevron USA Inc. for the mining site in Youngs Creek, along the Wyoming-Montana border in the Powder River Basin. The mining company is hoping the site will furnish coal for Asian exports as well as the western market.
Cloud Peak is no stranger to exports. The company shipped 4.3 million tons of coal to Asia in 2012.