Jacobs Ranch is a large open-pit coal mine located 15 miles southeast of Wright, Wyoming in the coal-rich Powder River Basin . In 2007, the mine produced 38.1 million short tons of coal, making it the fourth-largest coal mine by production in the United States.
5-553: Until 2009 the Jacobs Ranch mine was owned by Rio Tinto Energy America , an American-based subsidiary of the international mining giant Rio Tinto Group . In early 2009, Rio Tinto reached an agreement to sell the Jacobs Ranch mine to Arch Coal for $ 761 million. This article about a location in Wyoming is a stub . You can help Misplaced Pages by expanding it . This article about energy , its collection, its distribution, or its uses
10-521: A first step in that effort, Rio Tinto agreed in March 2009 to sell the Jacobs Ranch coal mine to Arch Coal for a sum of $ 761 million. In December 2010, Rio Tinto announced that it had succeeded in "100 per cent divestment of its equity holdings in Cloud Peak Energy Inc. through a fully exercised over allotment in connection with a recently announced secondary offering." Cloud Peak Energy stated that
15-687: Is a stub . You can help Misplaced Pages by expanding it . Rio Tinto Energy America Rio Tinto Energy America ( RTEA ) was a wholly owned American subsidiary of the England and Australia-based mining giant, the Rio Tinto Group , headquartered in Gillette, Wyoming, United States. The company, previously known as Kennecott Energy after another of Rio Tinto's American subsidiaries, was formed in 1993 when Rio Tinto purchased NERCO and placed that company's Spring Creek coal mine and Antelope coal mine under
20-745: The RTEA umbrella. Subsequent acquisitions included the Cordero Mining Company , the Colowyo Coal Company , and the Jacobs Ranch coal mine. RTEA operated four mines in Wyoming and Montana , supplying fuel for the generation of approximately 6% of the United States' electricity consumption. The RTEA mines were spun off to Cloud Peak Energy in 2010. In November 2007, Rio Tinto Group announced that it would try to divest RTEA and its assets. As
25-590: The result of the divestment was that Cloud Peak Energy Resources LLC "is now a wholly owned subsidiary of Cloud Peak Energy Inc." Dow Jones reported that "Cloud Peak will use proceeds from the IPO [initial public offering] to buy 52 per cent of the Rio Tinto's assets it operates and Rio Tinto will own the rest." The write service also reported that early in November Standard & Poor's Ratings Services "assigned Cloud Peak
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