Ambre claims in countersuit that Cloud Peak is trying to close down Decker in order to eliminate competition for its nearby Spring Creek Mine, which has increased production in recent years in part due to more coal exports to Asia.Ambre contends Decker operated at a "significant profit" prior to 2009, and that there are tens of millions of tons of coal still in place at the mine site that could be economically extracted.
Mont. Coal Mine's Future Uncertain As Layoffs Loom
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.