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Westmoreland Coal Co (WLB.OQ)

WLB.OQ on NASDAQ Stock Exchange Global Market

14.07USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Alberta Energy Regulator lays charges against Prairie Mines & Royalty ULC and Westmoreland Coal Co
Wednesday, 22 Mar 2017 12:30pm EDT 

Alberta Energy Regulator: Laid 3 charges against Prairie Mines & Royalty ULC, Westmoreland Coal Company for modifying mining plan without AER approval . Laid charges against Prairie Mines & Royalty ULC, Westmoreland Coal Co for failing to notify AER of incident as soon as practicable .Each company faces a maximum penalty of $500,000 per charge.  Full Article

Westmoreland says to restate previously issued financial statements
Friday, 24 Feb 2017 08:00am EST 

Westmoreland Coal Co : Westmoreland announces restatement of previously issued financial statements . Will restate financial information stemming from changes in accounting for its customer reclamation receivables . Change has no impact on co's cash flow, economic value of contracts or ability to collect cash for reclamation from customers . Form 10-k for year ended dec 31, 2016 to include restated consolidated financial statements for years ended december 31, 2015 and 2014 . Form 10-k for year ended dec 31, 2016 to include restated consolidated financial statements for all interim periods during 2016, 2015 .Does not intend to file amendments to previous filings with securities and exchange commission.  Full Article

Mangrove Partners reports 10.2 percent stake in Westmoreland Coal
Monday, 21 Nov 2016 09:15am EST 

Westmoreland Coal Co : Mangrove Partners reports 10.2 percent stake in Westmoreland Coal as of November 17 - sec filing . Mangrove Partners - purchased shares of westmoreland on belief that such securities are "undervalued" .Mangrove Partners - initiated dialogue with Westmoreland Coal regarding co's assets related to coal valley resources in an effort to maximize value for all shareholders.  Full Article

Westmoreland reports cfo transition
Monday, 21 Nov 2016 08:00am EST 

Westmoreland Coal Co : Westmoreland Coal Co- chief financial officer and treasurer, Jason Veenstra, has decided to resign from westmoreland effective December 15, 2016 .Westmoreland Coal - co's search for new cfo includes internal & external candidates; Gary Kohn to serve as interim cfo & treasurer, effective immediately.  Full Article

Westmoreland adds new lender to credit facility East West Bank
Thursday, 13 Oct 2016 04:15pm EDT 

Westmoreland Coal Co :Westmoreland successfully adds new lender to credit facility; East West Bank to replace Bank of the West.  Full Article

Westmoreland Coal reports Q2 loss per share of $1.37
Tuesday, 2 Aug 2016 08:00am EDT 

Westmoreland Reports Second Quarter 2016 Results; Reiterates Full : Year guidance . Q2 loss per share $1.37 .Qtrly revenues $356.2 million versus $348.96 million.  Full Article

Westmoreland Q1 earnings per share $1.67
Tuesday, 10 May 2016 08:27am EDT 

Westmoreland : Qtrly revenues of $354.7 million, from tons sold of 13.8 million . Continue to make progress on our cash generation initiatives as we work towards paying down our debt late in year . "coal - u.s. Segment experienced market softness as customers reduced power generation due to low number of heating days this winter" . Reports First Quarter 2016 Results And Affirms Full-Year guidance . Q1 earnings per share $1.67 . Q1 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S .Q1 revenue $354.7 million versus i/b/e/s view $372.7 million.  Full Article

Westmoreland Coal amends credit pact
Monday, 9 May 2016 06:08pm EDT 

Westmoreland Coal Co : On may 3, entered into an amendment to its existing revolving credit facility - sec filing . Amendment revised credit facility to include as event of default material breach of material contract by borrower under facility .Under amendment, borrowers to have no grace period to cure material breach of coal supply agreement with saskatchewan power corp.  Full Article

Westmoreland Coal Co reiterates FY 2016 EB ITDA guidance
Tuesday, 8 Mar 2016 07:00am EST 

Westmoreland Coal Co:Reiterated FY 2016 guidance for the consolidated entity.Expects FY 2016 adjusted EBITDA in the range of $235 - $275 million.  Full Article

Westmoreland completes acquisition of the San Juan Mine in Farmington
Monday, 1 Feb 2016 04:00pm EST 

Westmoreland Coal Co:Completes acquisition of the San Juan Mine in Farmington, New Mexico by its subsidiary Westmoreland San Juan, LLC.Purchase price of approximately $127 million.BMO Capital served as capital markets advisor for the transaction.  Full Article

More From Around the Web

BRIEF-Alberta Energy Regulator lays charges against Prairie Mines & Royalty ULC and Westmoreland Coal Co

* Laid 3 charges against Prairie Mines & Royalty ULC, Westmoreland Coal Company for modifying mining plan without AER approval