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Slide #8. Westmoreland Coal Company — Sherritt International's Prairie and Mountain coal mining operations
Westmoreland Coal Company (WLB)
Sherritt International's Prairie and Mountain coal mining operations
Westmoreland Coal Company (NasdaqGM:WLB) has completed the acquisition of Sherritt International's Prairie and Mountain coal mining operations, which 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. Together with Westmoreland's existing U.S. operations, the acquisition places the firm as North America's sixth largest coal producer.
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.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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