Last $42.68 USD
Change Today +0.67 / 1.59%
Volume 108.5K
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As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

westmoreland coal co (WLB) Snapshot

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08/11/14 - $45.19
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08/27/13 - $12.53
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westmoreland coal co (WLB) Details

Westmoreland Coal Company operates as an energy company in the United States. The company is engaged in the production and sale of sub-bituminous coal and lignite to plants that generate electricity. It owns six surface coal mines in Montana, Wyoming, North Dakota, and Texas. As of December 31, 2013, the company had total proven or probable coal reserves of approximately 514.5 million tons. It is also involved in the production of electricity. The company operates 2 coal-fired power generating units with a total capacity of approximately 230 megawatts in Weldon, North Carolina. Westmoreland Coal Company was founded in 1854 and is headquartered in Englewood, Colorado.

westmoreland coal co (WLB) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $201.9K
Chief Financial Officer
Total Annual Compensation: $289.2K
Executive Vice President
Total Annual Compensation: $254.3K
Vice President of Development and Treasurer
Total Annual Compensation: $293.8K
General Counsel of Compliance & Corporate Gov...
Total Annual Compensation: $221.9K
Compensation as of Fiscal Year 2013.

westmoreland coal co (WLB) Key Developments

Westmoreland Coal Company Announces Appointment of Terry Bachynski to its Board of Directors

Westmoreland Coal Company announced that Mr. Terry Bachynski from Edmonton, Alberta has been appointed to its board of directors. He will serve until the next Annual Meeting, at which time he will stand for election by the shareholders. Mr. Bachynski is President and CEO of JDEL Associates Ltd., which provides regulatory, environmental, stakeholder, aboriginal and government affairs consulting services to industry for the development and operation of major resource development projects, primarily in Western Canada.

Westmoreland Coal Co. Unveils Exchange Offer for $425 Million of Notes

Westmoreland Coal Co. is offering to exchange up to $425 million of its unregistered 10.75% senior secured notes due 2018 for an equal amount of new registered notes with substantially identical terms. The company announced that it will accept any and all outstanding unregistered notes that are validly tendered in the exchange offer and not withdrawn before the expiration date, which is yet to be decided. The restricted notes were issued in exchange for the notes that were first offered in February. The company said it is making the exchange offer to satisfy its obligations under the registration rights agreement, and it will receive no new proceeds from the issuance. Holders who continue with the unregistered notes will be subject to the restrictions on the transfer of the notes.

Westmoreland Coal Co. Announces Executive Changes, Effective August 1, 2014

Westmoreland Coal Co. announced that Robert P. King, a member of the company's Board of Directors and President - U.S. Operations, retired from the Company effective August 1, 2014. Mr. King was a member of the Executive Committee of the Board. On August 1, 2014, the company announced the promotions of each of Mr. Joseph E. Micheletti and Mr. John A. Schadan to the position of Executive Vice President, both effective as of August 1, 2014. Mr. Micheletti, 49, joined Westmoreland in 1998 and has held key leadership positions at several Westmoreland mining projects, including President and General Manager of Jewett Mine, prior to his promotion to Senior Vice President of Coal Operations in June 2011. Mr. Micheletti is responsible for all six of Westmoreland Coal Company's mining projects, overseeing the safe, cost effective, and environmentally responsible operation of the company's mining activities. Mr. Schadan, 49, joined Westmoreland in April 2014 as Senior Vice President, Canada Operations.


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