Westmoreland Coal Company

Westmoreland Coal Company (NasdaqGM:WLB) today announced that John Schadan has been promoted from Executive Vice President to President – Canada Operations. Mr. Schadan will continue to report to Keith Alessi, Westmoreland’s Chief Executive Officer. Mr. Alessi held the dual role of Interim President – Canada Operations and Chief Executive Officer [...]

Westmoreland Coal Company (NasdaqGM:WLB) today reported its results for fiscal year 2014. 2014 results include the results of Canadian operations since the acquisition on April 28, 2014. These results exclude results from Westmoreland Resource Partners, LP (“WMLP”) and the Buckingham Mine, except for the WMLP one-time charges outlined in the [...]

On Friday, February 27, 2015, Westmoreland Coal Company (NasdaqGM: WLB) and Westmoreland Resource Partners, LP (NYSE: WMLP), will announce the results for the fiscal year 2014. A conference call with management is scheduled for 10 a.m. ET. Keith E. Alessi, Chief Executive Officer of both entities, will conduct the call. When:   February [...]

Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”) today announced guidance on key financial metrics for 2015. The guidance represents the consolidated projections of Westmoreland Coal Company and Westmoreland Resource Partners, LP (NYSE: WMLP), as detailed in the table contained herein. The consolidated 2015 projections are based on the [...]

Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”) announced today that it expects its full year 2014 adjusted EBITDA to be in the $173.0 to $176.0 million range. These results fall within Westmoreland’s previously issued and subsequently reiterated fiscal year 2014 guidance. Westmoreland plans to release fiscal year 2015 guidance in [...]

Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”) announced today that, effective as of January 22, 2015, it has amended its term loan credit agreement (the “Credit Agreement”) with the Bank of Montreal, as administrative agent, to increase Westmoreland’s term loan by $75 million, for an aggregate principal term loan amount of $425 million [...]

Westmoreland Coal Company (NasdaqGM: WLB, “Westmoreland”), Oxford Resource Partners, LP (NYSE: OXF, the “MLP”) and Oxford Resources GP, LLC, the general partner of Oxford (the “GP”), today announced the completion of Westmoreland’s acquisition of the GP and Westmoreland’s contribution of certain royalty-bearing coal reserves to the MLP in return [...]

Westmoreland Coal Company (NasdaqGM:WLB, “Westmoreland”) announced today that its Board of Directors has called for redemption all of Westmoreland’s outstanding Series A Convertible Exchangeable Preferred Stock, which is traded publicly on NASDAQ in the form of Depositary Shares (NASDAQ:WLBPZ). Official notice will be sent to all holders on or [...]

Westmoreland Coal Company (NasdaqGM:WLB, “Westmoreland”) announced today the closing of its previously announced private offering of $350 million in aggregate principal amount of 8.75% Senior Secured Notes due 2022 (the “New Notes”) and its previously announced $350 million Senior Secured Term Loan due 2020 (the “Term Loan”). Westmoreland also [...]

Westmoreland Coal Company (NasdaqGM:WLB, “Westmoreland”) announced today that it has entered into a Coal Services Agreement with Trafigura AG under which Trafigura will exclusively market certain tons of export thermal coal from Westmoreland’s Coal Valley Mine in Alberta, Canada. Keith E. Alessi, Westmoreland’s CEO, said, “We have partnered with [...]