Westmoreland Reaches Billion Ton Coal Resource Milestone
Westmoreland Coal Company (NasdaqGM:WLB) today announced that, in line
with its strategic goal of securing reserves and resources to support
long-term sustainability at its mines, it now controls over 1.1 billion
tons of coal resources across its various operations. In 2012 and 2013,
Westmoreland added coal resources adjacent to its Absaloka and Rosebud
mines. The Absaloka mine leased 145 million tons of Rosebud McKay coal
resources from the Crow Tribe of Indians and the Rosebud Mine leased
56.4 million tons of resources from a private land owner. Westmoreland′s
coal resource position now includes approximately 553 million tons of
proven and probable reserves and an additional 625 million tons of coal
resources that require additional drilling to meet SEC requirements
before being classified as reserves.
'Securing adequate resources to meet our long-term customer commitments
has been a high priority,? stated Robert P. King, Westmoreland Coal
Company Chief Executive Officer. 'I am pleased that we have achieved
this significant milestone and solidified our resource position.?
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the
United States. The Company′s coal operations include sub-bituminous coal
mining in the Powder River Basin in Montana and Wyoming, and lignite
mining operations in Montana, North Dakota and Texas. Its power
operations include ownership of the two-unit ROVA coal-fired power plant
in North Carolina. For more information, visit www.westmoreland.com.
Westmoreland Coal Company
Kevin Paprzycki, 855-922-6463