Westmoreland’s existing operations provide a solid foundation for continued growth. Changes taking place in the energy business as a result of economic conditions, environmental regulation, shifts and disruptions among other companies and markets within the sector and new technologies, may create opportunities for new acquisitions and investments that are attractive. The Company’s strategic plan for growth provides clear criteria and a disciplined approach for evaluating opportunities and moving forward in a focused way.
Rather than depend upon a central development department, Westmoreland confers primary responsibility for the identification of growth opportunities, whether through acquisition or development, upon its senior managers and uses teams of cross-tasking employees from throughout the organization, combined with the judicious use of consultants for specific needs, to evaluate opportunities identified on a project-by-project basis. Westmoreland believes this approach delivers more realistic and logical opportunities, assures fidelity to the Company’s vision and strategic criteria for growth, minimizes cost, and instills a sense of responsibility, authority, accountability and commitment to profitable growth at all levels within the Company.