Cloud Peak Energy, one of the United States’ coal giants, filed for Chapter 11 bankruptcy after quarterly financial filings revealed major losses in the first quarter. However, after this news was made public, financial analysts revealed the energy company has been sliding into insolvency for years. Weak coal markets, costly operating expenses, and volatile export prices are just a few of the factors leading to the company’s financial struggles.
Cloud Peak Energy Voluntarily Files For Bankruptcy
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