Montana Energy Review reported that Cloud Peak Energy, Inc and Ambre Energy, Ltd announced that negotiations over the purchase of the Decker mine facility in Montana have been indefinitely postponed. While the 2 companies will continue discussions, the deal is not expected to move forward in the foreseeable future.
Currently, Ambre, an Australia based mining company, owns half of the Decker Mine and Cloud Peak owns the remaining 50%. The 2 companies had been negotiating to allow Ambre to purchase Cloud Peak’s interest and own the mine outright. Cloud Peak sued Ambre in July 2012 over differing opinions of the Decker Mine’s future.
The announcement suggests the companies reached an impasse, placing the future of the Decker mine in jeopardy.