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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."
News For WLB From The Last 14 Days
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May 20, 2015
07:02 EDTWLBWestmoreland says shareholders defeat proxy access proposal
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May 12, 2015
07:01 EDTWLBWestmoreland enters into arrangement with regard to Obed Mountain Mine
Westmoreland Coal Company, through its Coal Valley Resources Inc. subsidiary, has entered into an agreement with Athabasca Minerals that will result in the production of aggregate from Westmoreland’s Obed Mountain Mine site. Key highlights of the agreement include Athabasca purchasing the Obed rail transloading facility and royalty payments to Westmoreland for all gravel, sand and frac sand produced from the Obed Mountain Mine site. The deal is expected to close by the fourth quarter of 2015 and is subject to standard due diligence, as well as Athabasca obtaining consent from the provincial government to transfer the applicable government leases. “This deal provides Westmoreland with a fair market price for the transloading facility as well as a long term royalty revenue stream,” said John Schadan, Westmoreland’s President of Canada Operations. “We are pleased with the cooperative nature in which the parties concluded this arrangement and look forward to working alongside Athabasca on the Obed property.”

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