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Last $20.78 USD
Change Today -0.86 / -3.97%
Volume 234.6K
WLB On Other Exchanges
As of 5:20 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

westmoreland coal co (WLB) Snapshot

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Day High
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52 Week High
08/11/14 - $45.19
52 Week Low
06/30/15 - $20.46
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Average Volume 10 Days
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Current Stock Chart for WESTMORELAND COAL CO (WLB)

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westmoreland coal co (WLB) Details

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company engages in the production and sale of sub-bituminous coal and lignite to plants that generate electricity. It owns and operates coal mines in Montana, Wyoming, North Dakota, Texas, and Ohio, the United States; and Alberta and Saskatchewan, Canada. As of December 31, 2014, the company had total proven or probable coal reserves of approximately 1,265.2 million tons. It is also involved in the production of electricity. The company operates two coal-fired power generating units with a total capacity of approximately 230 megawatts in Weldon, North Carolina. Westmoreland Coal Company was founded in 1854 and is headquartered in Englewood, Colorado.

3,440 Employees
Last Reported Date: 03/6/15
Founded in 1854

westmoreland coal co (WLB) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
Chief Financial Officer and Treasurer
Total Annual Compensation: $396.9K
President of Canada Operations
Total Annual Compensation: $195.2K
Chief Adminstrative Officer, Senior Vice Pres...
Total Annual Compensation: $356.2K
Executive Vice President
Total Annual Compensation: $282.2K
Compensation as of Fiscal Year 2014.

westmoreland coal co (WLB) Key Developments

Westmoreland Coal Company Approves Agreement for Purchase of the San Juan Mine

Westmoreland Coal Company announced that its Board of Directors has taken all steps necessary to enter into the Purchase and Sale Agreement for the purchase of the San Juan Mine in Farmington, New Mexico from BHP Billiton. This action by the board of directors completes the final steps towards entering into the definitive purchase agreement on July 1, 2015. The acquisition, which is expected to close on December 31, 2015, contemplates a coal supply agreement through June 30, 2022. Westmoreland intends to operate the San Juan Mine through the termination of the coal supply agreement and is hopeful an extension of the coal supply agreement can be reached that will extend the life of the mine far past the 2022 time frame.

Westmoreland Coal Plans to Purchase San Juan Coal Mine in Farmington

Westmoreland Coal reported that it has taken all steps necessary to purchase the San Juan coal mine in Farmington, N.M. from BHP Billiton, and to enter into a new long-term coal supply agreement with utility Public Service of New Mexico, and other owners of the San Juan Generating Station. Westmoreland added it expects to close the mine acquisition on December 31, and contemplates a coal-supply agreement through June 30, 2022. Westmoreland said it intends to operate the San Juan Mine through the termination of the coal supply agreement, and longer if possible.

Public Service Company of New Mexico Signs Executed Letter Agreement with Westmoreland

Public Service Co. of New Mexico, or PNM, has signed an executed letter agreement with Westmoreland Coal Company for the new coal supply contract for San Juan Generating Station, or SJGS. The combined new coal supply and SJGS ownership restructuring agreements will save customers approximately $300 million in fuel costs over the next six years. The company filed the agreement and other documents in response to a New Mexico Public Regulation Commission (NMPRC) order that requested comments on how the Commission should proceed in light of these agreements. PNM feels strongly the NMPRC has reason to approve the company's request to add 132 megawatts of capacity in SJGS Unit 4, conditional upon final execution of the ownership and coal contracts by August 31, 2015.


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