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.
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Contact: Kevin Paprzycki (855) 922-6463