The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale of substantially all the assets of Cloud Peak Energy Inc. on June 13, 2019. To qualify as a qualified bidder, interested parties should submit their bids by July 8, 2019. The initial minimum overbid should be in the amount of $0.25 million more than the Baseline bid's purchase price. If the debtor receives any qualified bids then it would hold an auction for its assets on July 11, 2019. At the auction, the subsequent bids would be in increments of $0.25 million. The stalking horse bidder would be entitled to a break-up fee and/or expense reimbursement, in an aggregate amount not to exceed 3% of the proposed purchase price of the sale. The sale hearing is scheduled for July 18, 2019.