Westmoreland Announces 14 Year Extension at Poplar River Mine
Englewood, CO – December 21, 2015 – Westmoreland Coal Company (NasdaqGM:WLB) has extended its long-term coal supply agreement with Saskatchewan Power Corporation (“SaskPower”) to supply coal from the Poplar River Mine. The agreement results in an exclusive commitment of over 58 million tons of coal through 2029.
“I am very pleased to announce that we have entered into an agreement with SaskPower to extend the supply of coal from our Poplar River Mine,” noted John Schadan, President and Chief Operating Officer. “We are proud to continue to be the sole provider of fuel to SaskPower from both our Estevan and Poplar mines. This fourteen-year extension is a reflection of our core objective of exceeding our customers’ expectations. On behalf of the Westmoreland team, I would like to thank SaskPower for demonstrating their commitment to Westmoreland by awarding this fourteen-year extension at our Poplar River Mine.”
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the United States. Westmoreland’s coal operations include sub-bituminous and lignite surface coal mining in the Western United States and Canada, an underground bituminous coal mine in Ohio, a char production facility, and a 50% interest in an activated carbon plant. Westmoreland also owns the general partner of and a majority interest in Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, a publicly-traded coal master limited partnership. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com; provided that no information contained at such website is incorporated by reference here.
Cautionary Note Regarding Forward-Looking Statements
Forward-looking statements are based on Westmoreland’s current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. Westmoreland cautions you against relying on any of these forward-looking statements. They are statements neither of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include political, economic, business, competitive, market, weather and regulatory conditions.
Any forward-looking statements made by Westmoreland in this news release speak only as of the date on which it was made. Westmoreland undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Director, Investor Relations