Westmoreland Coal Company (NASDAQ GM: WLB) today announced that the home of its corporate headquarters will be moving to Englewood, Colorado in November 2011. Westmoreland signed a multi-year lease with a subsidiary of Shea Properties for space in Shea’s Maroon V building located in the Meridian International Business Center.
“We are pleased to announce Westmoreland’s upcoming relocation to the Denver area,” said Keith E. Alessi, President and Chief Executive Officer. “We believe the move to Denver will give us better visibility with other public mining and energy companies, lower the overall cost of travel and fees and expenses with our Denver-based third-party providers, such as our auditors and lawyers, and provide us with greater exposure to a broader pool of public company and energy company talent.”
Peter Culshaw, Executive Vice President of Shea Properties noted, “We are thrilled to have such a strong company as Westmoreland Coal Company join our tenant roster at our M5 building located in Meridian International Business Park. This will be a great location for them and one in which they will be able to grow and prosper. We wish them the best of luck and welcome them to Maroon 5.”
Westmoreland Coal Company, which recently listed on the NASDAQ Global Market exchange, 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.
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Contact: Kevin Paprzycki (719) 442-2600