CASPER, WY (AP) — A troubled Wyoming coal-mining company has paid nearly $700,000 in property taxes but still owes millions in other local taxes.
Wednesday’s payment by Gillette-based Cloud Peak Energy ensures Campbell County can’t easily sell the company’s land to settle the property tax bill.
Cloud Peak still owes $8.3 million in local coal production taxes. The money was due March 1 and Cloud Peak will be delinquent if it doesn’t pay by Friday.
The Casper Star-Tribune reports growing speculation Cloud Peak will file for bankruptcy.
The company has received several extensions on a $1.8 million debt payment. The payment is due by the end of Friday under the latest extension.
Cloud Peak operates three mines in the Powder River Basin in Wyoming and Montana.
Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com