Westmoreland Announces Substantial Coal Acquisition
Westmoreland Coal Company (NasdaqGM:WLB) today announced that it has
leased over 8,800 acres of private coal, representing an estimated 158
million tons of Rosebud McKay coal resources adjacent to its Absaloka
Mine in Hardin, Montana. Westmoreland controlled an estimated
389.9 ?million tons of proven and probable coal reserves across all of
its operations as of December ?31, 2010.
'This is a significant acquisition for Westmoreland Coal Company, more
than tripling the available coal resource at our Absaloka mine,? said
Keith E. Alessi, President and Chief Executive Officer. 'This lease
solidifies our position as a key operator in the Northern Powder River
Basin, extends the mine life at Absaloka, allows for increased
production as demand warrants and enables greater mine optimization.?
Westmoreland Coal Company is the oldest independent coal company in the
United States. The Company′s coal operations include coal mining in the
Powder River Basin in Montana 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, 719-442-2600