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Stock Market & Financial Investment News

News Breaks
July 8, 2014
11:07 EDTWLBWestmoreland Coal sees Q2 adjusted EBITDA $35M-$38M
In a regulatory filing, the company said, "Although our unaudited consolidated financial statements for the three months ended June 30, 2014 are not yet complete, we currently anticipate reporting Adjusted EBITDA in the range of $35.0-$38.0 million for the three months ended June 30, 2014. This represents an approximate 21%-31% increase from our Adjusted EBITDA of $28.9 million for the three months ended March 31, 2014. We have not completed the application of purchase accounting following closing of the Canadian Acquisition and are therefore unable to provide a range of net income (loss) for the three months ended June 30, 2014."
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August 8, 2014
09:18 EDTWLBWestmoreland announces monetization of port agreement
Westmoreland Coal (WLB), through its Coal Valley Resources subsidiary, has entered into several agreements that will result in all of its Coal Valley Mine export tonnage being shipped through Ridley Terminals located in Prince Rupert, British Columbia, Canada, beginning January 2015. CVRI voluntarily entered into a Termination Agreement with Westshore Terminals, located in Roberts Bank, British Columbia, Canada, to terminate its throughput capacity at Westshore effective as of December 31. Under a separate, but related agreement, Cloud Peak (CLD) paid $37M to CVRI in order to obtain CVRI's capacity at the fully utilized Westshore Terminals.
09:18 EDTWLBCloud Peak amends throughput agreement with Westshore Terminals
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