Cloud Peak Energy and Ambre Energy Announce Completion of Ambre Energy’s Purchase of Decker Mine Interest from Cloud Peak Energy
September 15, 2014
Ambre Energy Limited has finalized its purchase of Cloud Peak Energy’s interest in the Decker Mine located in the Powder River Basin. Ambre now holds 100% of the Decker Mine. As a condition of the sale, Ambre will assume all liabilities for the mine, including reclamation, and has replaced the outstanding bonds.
Additionally, as part of this deal, Cloud Peak was granted an option to export 7 million metric tons through Ambre’s proposed Millenium Bulk Terminals.