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.
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Information from: Casper (Wyo.) Star-Tribune, http://www.trib.com
