Westmoreland Coal Co. (WLB) is in the Energy Industry

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• COMPANY SHAKES UP EXECS AMID SEC PROBE

  Westmoreland Coal Co. replaced its chief financial officer Wednesday and promoted three other executives to new accounting posts in the wake of two earnings restatements in 16 months. The move comes two days after the company told stockholders it is being investigatted by the Securities and Exchange...

  Research articles 2008-04-03

  Tags: accounting, CFO, Company, FINANCE, Investment, restatement, SEC, Westmoreland Coal Co.

• SEC IS INVESTIGATING ACCOUNTING ERRORS

  Federal securities regulators are investigating Westmoreland Coal Co. for accounting errors that have forced the company to revise its earnings twice in the past 16 months. The Colorado Springs-based company revealed the probe Monday in a filing with the Securities and Exchange Commission that also disclosed that...

  Research articles 2008-04-01

  Tags: accounting, FINANCE, Investment, restatement, SEC, Westmoreland Coal Co.

• Westmoreland Completes Restatement; Reports Results for the Third Quarter of 2007; Extends Filing Date of Form 10-K for Year Ended December 31, 2007; Closes Roanoke Valley Project Refinancing

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) reported today that it had completed the previously announced restatement to correct errors in the amounts recorded for the Company's post-retirement medical benefit obligations and related expenses, its stock-based compensation expense and its state income taxes. The Company has filed its...

  Research articles 2008-03-17

  Tags: Benefits, Company, FINANCE, financial, restatement, SEC, shareholder, Taxes, Westmoreland Coal Co.

• Westmoreland Coal Company Signs Agreement with NRG Texas

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that the Company's Texas Westmoreland Coal Co. subsidiary ("Texas Westmoreland") has entered into a new agreement with NRG Texas, LLC to continue to supply lignite from the Company's Jewett Mine to NRG Texas' Limestone Electric Generating Station.

  Research articles 2007-10-01

  Tags: agreement, Westmoreland Coal Co.

• Westmoreland Coal Company Redeems Washington Group International's Interest in Absaloka Mine

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that its 80% owned subsidiary, Westmoreland Resources, Inc. ("WRI"), has redeemed Washington Group International's ("WGI") 20% ownership interest in WRI, which owns and operates the Absaloka Mine. The redemption leaves Westmoreland as the sole shareholder in WRI.

  Research articles 2007-10-01

  Tags: Westmoreland Coal Co.

• Westmoreland Coal Company Completes Sale of Power Operation and Maintenance Businesses

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX:WLB) announced today that it closed the sale of its power operation and maintenance businesses to North American Energy Services NAES on August 22, 2007. Included in the sale were operation and maintenance contracts for four power plants owned by Dominion Resources (Altavista,...

  Research articles 2007-08-23

  Tags: Company, Westmoreland Coal Co.

• Colorado-based Westmoreland Coal Co. reports first quarter earnings

  Westmoreland Coal Co. has reported first quarter 2006 pre-tax earnings of $7.6 million.

  Research articles 2006-06-09

  Tags: Westmoreland Coal Co.

• Westmoreland Coal Company Closes Sale of Coal Bed Methane Property

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) announced today that the sale of North Central Energy Company's undivided mineral interests in two leases in southern Colorado, previously announced on February 9, 2006, has closed as of March 1, 2006. An independent oil and gas company purchased the mineral...

  Research articles 2006-03-03

  Tags: Westmoreland Coal Co.

• Texas Westmoreland Coal Co. and Customer Reach Agreement

  COLORADO SPRINGS, Colo. -- Westmoreland Coal Company (AMEX: WLB) announced today that its subsidiary, Texas Westmoreland Coal Co., and Texas Genco II, LP, have agreed to modify certain terms of their existing coal supply arrangements.

  Research articles 2005-09-27

  Tags: agreement, Westmoreland Coal Co.

Additional Resources

• FIRM COULD RUN SHORT OF CASH

  Westmoreland Coal Co. could run out of cash next month, leaving it unable to pay for retiree health care and other corporate expenses, unless it persuades a Montana bank to renew a line of credit that was extended to Nov. 28. The Colorado Springs-based company renewed the...

  Articles 2008-11-05

• Coal firm widens its losses in quarter

  Westmoreland Coal Co. widened its second-quarter loss by nearly two-thirds to $18.3 million, or $1.92 a share, largely as a result of charges stemming from refinancing debt on its mines and revenue lost during a 10-day strike at one of its mines. The Colorado Springsbased energy company...

  Articles 2008-08-12

• EXPERIENCED EXECUTIVE NOW ON BOARD

  Directors of Westmoreland Coal Co. have named an executive with a long history of leading corporate restructuring initiatives to a newly created seat on the company's board, the Colorado Springs- based energy company announced Wednesday. Michael D'Appolonia is president and chief executive of Kinetics Systems Inc.,...

  Articles 2008-07-24

• COAL FIRM SAYS REFINANCING WILL ERASE ITS CASH CRUNCH

  Westmoreland Coal Co. on Thursday said it refinanced the debt of its mining units with $150 million in loans and lines of credit that will end the company's cash crunch and provide additional funds to upgrade its mines. The Colorado Springs-based energy company received a $125...

  Articles 2008-06-27

• WESTMORELAND POSTS OPERATING PROFIT

  Westmoreland Coal Co. made an operating profit for the first time in a year during the first quarter, though one-time write-offs left it well in the red. The Colorado Springsbased energy company said Tuesday it generated $2.28 million in operating income in the January-to-March quarter. ...

  Articles 2008-05-14

• A FIRM TURNAROUND

  Westmoreland Coal Co. is a far different company a year after turnaround specialist Keith Alessi became chief executive of the troubled energy firm. Since replacing longtime Chairman Christopher Seglem last May, Alessi has sold off contracts to manage power plants, bought out a partner in Westmoreland's...

  Articles 2008-05-04

• MINING INDUSTRY VETERAN TAKES REINS AS FIRM'S CEO

  Veteran mining industry executive D.L. Lobb, who joined Colorado Springs-based Westmoreland Coal Co. on Monday as president and chief executive, was still learning his way around the company last week. Lobb, 50, had been group executive for two years of Peabody Energy Corp.'s Power River Basin...

  Articles 2008-05-04

• SPRINGS COAL FIRM PICKS ITS PRESIDENT

  Westmoreland Coal Co. directors on Monday elected D.L. Lobb as president and chief executive of the Colorado Springs-based energy firm. Lobb had been group executive of Peabody Energy Corp.'s Powder River Basin operations, based in Gillette, Wyo., which produces 160 million tons of coal annually, or...

  Articles 2008-04-22

• PROFITS UNLIKELY BEFORE 2010

  Westmoreland Coal Co. isn't likely to make a profit until 2010 even as it generates more than $80 million a year in cash, the company's CEO told investors Thursday. That's because accounting rules force the Colorado Springs-based energy company to defer much of the revenue generated...

  Articles 2008-04-04

• COMPANY SHAKES UP EXECS AMID SEC PROBE

  Westmoreland Coal Co. replaced its chief financial officer Wednesday and promoted three other executives to new accounting posts in the wake of two earnings restatements in 16 months. The move comes two days after the company told stockholders it is being investigatted by the Securities and...

  Articles 2008-04-03

• SEC IS INVESTIGATING ACCOUNTING ERRORS

  Federal securities regulators are investigating Westmoreland Coal Co. for accounting errors that have forced the company to revise its earnings twice in the past 16 months. The Colorado Springs-based company revealed the probe Monday in a filing with the Securities and Exchange Commission that also disclosed...

  Articles 2008-04-01