Cloud Peak Energy Inc. (fka CLDPQ)

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Cloud Peak (CLD) to Supply Coal to 2 Power Plants in Japan - https://www.zacks.com/stock/news/289125/cloud-peak-cld-to-supply-coal-to-2-power-plants-in-japan

"Cloud Peak Energy (CLD - Free Report) announced that it has entered into a long-term coal export sales agreement with JERA Trading Pte Ltd. for supplying coal to two power plants in Japan. Cloud Peak will supply the coal produced from its Spring Creek Mine to meet the export requirements.

The coal shipment is expected to begin at the end of 2019 and is likely to continue for a period of 30-40 months. The coal export volumes are expected to touch 1 million metric tonnes in the final year of contract.

Cloud Peak’s Coal Export Plans

Cloud Peak mines low sulfur coal from its three mines located in the Power River Basin and has exported 4.5 million tons through its Westshore Terminals in 2017. The company expects to increase exports volumes to 5.5 million tons in 2018.

The key drivers for coal demand is higher imports from China and South Korea as new coal fired units have come online. In addition, the two 540-megawatt Integrated Coal Gasification Combined Cycle coal-fired power plants in Fukushima, Japan will also boost demand for coal.

Since, coal demand in power generation is expected to reduce in the United States, new export opportunities will help the coal miner to survive in the decreasing domestic demand scenario."