Westmoreland Partners with Crow Tribe for Additional Reserves
Westmoreland Coal Company (NasdaqGM:WLB) today announced that its
Westmoreland Resources, Inc. subsidiary has entered into a lease with
the Crow Tribe of Indians for an estimated 145 million tons of Rosebud
McKay coal resources located adjacent to its existing Absaloka Mine in
the Northern Powder River Basin in southeast Montana. The Crow Tract I
lease is subject to approval by the U.S. Department of the Interior.
After final approval of the Tract I lease, Westmoreland will control the
last large block of Rosebud McKay seam coal in Montana. With the
addition of the Tract I coal, located north of the Crow Reservation
surface boundary, Westmoreland Resources, Inc. will control 357 million
tons of total coal reserves and resources.
'We are pleased that we were able to finalize an agreement for the Tract
I lease with the Crow Tribe for our Absaloka Mine,? stated Robert P.
King, Westmoreland Coal Company Chief Operating Officer and President.
'This lease ensures not only the long-term prospects for the mine, but
solidifies the strong relationship that we have forged with the Crow
Tribe over the last 39 years. We look forward to expanding our
relationship with the Crow Nation and increasing production from the
Absaloka Mine.?
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the
United States. The Company′s coal operations include sub-bituminous coal
mining in the Powder River Basin in Montana and Wyoming, and lignite
mining operations in Montana, North Dakota and Texas. Its power
operations include ownership of the two-unit ROVA coal-fired power plant
in North Carolina. For more information, visit www.westmoreland.com.
Westmoreland Coal Company
Kevin Paprzycki, 855-922-6463