The Online Investor
Metals & Mining M&A image Metals & Mining M&A » By The Online Investor Staff, updated Sun., Jan. 29, 5:50 PM Recent mergers and acquisitions in the Metals & Mining M&A category.

Slide #79. Westmoreland Coal Company Prairie and Mountain coal mining operations of Sherritt International Corporation

Acquirer: Westmoreland Coal Company (WLB)
Acquiree: Prairie and Mountain coal mining operations of Sherritt International Corporation
Details: Westmoreland Coal Company (NasdaqGM:WLB) announced today that it has entered into an agreement to acquire the Prairie and Mountain coal mining operations of Sherritt International Corporation ("Sherritt") for approximately $435 million. These operations include seven producing thermal coal mines in the Canadian provinces of Alberta and Saskatchewan, a 50% interest in an activated carbon plant and a Char production facility.

Westmoreland Coal is an energy company. Co. produces and sells thermal coal primarily to investment grade utility customers. At Dec 31 2016, Co.'s operations included 13 wholly-owned coal mines in the U.S. and Canada, a charcoal production facility, a 50% stake in an activated carbon plant, and two coal-fired power generation units. Co. also owned the general partner of, and, at Dec 31 2016, 93.9% of the total equity interest in, Westmoreland Resource Partners, LP, which owned and operated four mining complexes in Ohio and one mine in Wyoming. As of Dec 31 2016, Co. had a total of 888.2 million tons of proven and probable coal reserves.

Open the WLB Page at The Online Investor »

Company Name: 
Westmoreland Coal Co
Metals & Mining

Open the WLB Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree WLB Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts

Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Metals & Mining M&A - Slide 79 of 100 Page |

Copyright © 1998 - 2023, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.