Founded in 1854, Westmoreland Coal Company is a premier U.S. energy company with strong leadership, a solid foundation of tangible assets and a proven strategy for growth. Having transitioned from predominantly eastern underground coal production the Company’s current operations include surface coal mining complexes in four western states and power operations in North Carolina. Today, Westmoreland employs approximately 1,400 people in seven states, and is producing approximately 28 million tons of coal and generating 1.6 million megawatt hours of electric power annually. Westmoreland also provides post-retirement benefits to over 1,900 people, mostly former coal miners and their dependents.
Westmoreland's emphasis is on mine-mouth operations. This positions the Company as the lowest-cost fuel supplier to some of the cleanest, most economical and highly utilized coal-fired utility-owned power plants in America.
Westmoreland previously developed eight independent power projects, and currently owns 100% of two projects. The Company’s two North Carolina plants are coal-fired and deliver base-load power to Dominion North Carolina Power.
Westmoreland’s demonstrated accomplishments in the transformation of its business, coupled with its proven strategy for growth, position the Company to seek the creation of additional value as a stable long-term coal producer.
Westmoreland is publicly traded on the NASDAQ Global Market under the symbol WLB and has over 13 million shares of common stock outstanding.
