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Westmoreland Coal Co (WLB.OQ)

WLB.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

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

Westmoreland Coal Co lowers FY 2015 production and EBITDA guidance
Friday, 23 Oct 2015 07:00am EDT 

Westmoreland Coal Co:Revises FY 2015 guidance.Expects FY 2015 production to be 54.0 to 56.0 mln tons.Expects FY 2015 Adjusted EBITDA in the range of $215-$225 mln.FY 2015 EBITDA of $326 mln - Thomson Reuters I/B/E/S.  Full Article

Westmoreland Coal Co announces CEO Transition, Management Promotions
Friday, 23 Oct 2015 07:00am EDT 

Westmoreland Coal Co:Says kevin a. paprzycki appointed CEO.Says Keith E. Alessi, 61, chief executive officer, has announced his intent to retire effective December 31, 2015.Says Alessi will remain an employee of the company as CEO emeritus.Says Paprzycki will also be elected to serve on the board of directors concurrent with the transition.Says John Schadan has been promoted to president and chief operating officer to oversee global operations for the company.Jason Veenstra has been promoted to chief financial officer.  Full Article

BRIEF-Mangrove Partners reports 10.2 percent stake in Westmoreland Coal

* Mangrove Partners reports 10.2 percent stake in Westmoreland Coal as of November 17 - sec filing