Tag Archives: peabody

MOCO Supports Royalty Reduction For Twentymile

The Moffat County Commissioners signed a letter at their meeting Tuesday, supporting Peabody’s efforts to seek a royalty rate reduction for the Twentymile coal mine in Routt County. The company is seeking a royalty reduction from 12 to Continue reading

Empire Mine Being Deconstructed

If you have driven between Craig and Hamilton this week you may have noticed the Empire Mine coal tube, which crossed Highway 13, has been removed. According to a representative from Peabody Energy, the tube was removed as part of the decommissioning of the mine. Peabody is Continue reading

WYO Coal Production Up, Jobs Down

Wyoming coal production is up so far this year according to numbers from the Wyoming State Geological Survey. State coal production in the first quarter of 2017 rose by 15 million tons when compared to the same time period last year. Powder River Basin Continue reading

Wyoming Coal Royalties Going Down?

Wyoming is considering dropping the royalty rates paid by coal companies, to bring them in line with those paid by the oil and gas industry. A bill introduced in the State’s House of Representatives this week, would reduce the severance Continue reading

Peabody Still Owes Nearly $2 Million To Routt County

PEABODYRoutt County residents can get information on the status of Peabody Energy’s delinquent property taxes this week. Routt County Treasurer Brita Horn will host information sessions Wednesday, Thursday and Friday throughout Routt County. Wednesday’s meeting will be held at the Court House in Steamboat beginning at 1:30, followed by another meeting Thursday evening at 6:30 in Yampa at the Yampa Town Hall. The final meeting will be Friday evening in Hayden at the Hayden Town Hall beginning at 6:30. According to Horn, these sessions will be a Continue reading

South Routt School District Receives One Million Dollars

Ram_HeadThe South Routt School District will receive $1 million from the Colorado State Board of Education emergency fund, taking all but $80,000 from the fund.  The State Board voted Thursday to approve the South Routt School District’s request for supplemental assistance due to non payment of taxes from Continue reading

Peabody Receives Financing To Continue Operations

PEABODYPeabody energy the owner of Twentymile Mine in Routt County received approval earlier this week for $800 million in financing intended to help the company continue its mining operations while the it continues to go through Chapter 11 bankruptcy. The company filed for Chapter 11 in April after reporting a loss of $2 billion in Continue reading

Peabody Declares Bankruptcy

PEABODYPeabody Energy the owner of Twentymile Mine in Routt County, announced yesterday that the company will file for chapter 11 bankruptcy. Chapter 11 bankruptcy allows the company to remain in control of their business operations while restructuring their debt. Peabody has been considering Chapter 11 Continue reading

Peabody Energy Lays Off 235 Employees

PEABODYPeabody energy the owners of Twentymile mine in NW Colorado are cutting 235 jobs at their North Antelope Rochelle Mine in Wyoming. This would represent 15% of the total workforce at that mine. This news comes on the heels of the company’s Continue reading

WildEarth Guardians Ask Peabody To Stop Mining Coal

wildearthPeabody Energy received a letter yesterday from the environmental group WildEarth Guardians asking the company to reconsider its future in the coal industry. Earlier in the week Peabody announced that it was considering filing for Chapter 11 bankruptcy, and it appears that WildEarth Guardians have decided to use Peabody Energies possible Continue reading

Lawsuit Brought Against Peabody Energy

PEABODYA lawsuit has been brought against the owners of Twentymile mine by multiple environmental groups including The WildEarth Guardians. The law suit claims that Peabody Energy which also owns mines in New Mexico and Wyoming, no longer qualifies economically to finance their reclamation projects through self-bonding. Self-bonds use a companies assets to guarantee that money will be available to finance the reclamation of lands that are mined. According to the Continue reading