Westmoreland Coal Company9540 S Maroon Circle, Suite 200, Englewood, Colorado, United States

Westmoreland Coal Company is the oldest independent coal company in the United States. Westmoreland’s coal operations include sub-bituminous and lignite surface coal mining in the Western United States and Canada, an underground bituminous coal mine in Ohio, a char production facility, and a 50% interest in an activated carbon plant. Westmoreland also owns the general partner of and a majority interest in Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, a publicly-traded coal master limited partnership with six mining complexes. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina.

Westmoreland Coal Company began mining in Westmoreland County, Pennsylvania in 1854 as a Pennsylvania corporation. In 1910, we incorporated in Delaware and continued our focus on underground coal operations in Pennsylvania and the Appalachian Basin. We moved our headquarters from Philadelphia, Pennsylvania to Colorado in 1995. Today, we are an energy company with 13 coal mines in the western U.S. and Canada, a stake in an activated carbon plant and char production facility and two coal-fired power generation units. Our headquarters are located in Englewood, Colorado and we have approximately 2,900 employees.

We believe we are now the sixth largest North American coal producer (as measured by 2013 production of nearly 52 million tons, including Sherritt 2013 production), and we believe that we are the largest dragline operator among North American coal producers with 29 draglines owned or operated. We produce and sell thermal coal primarily to investment grade power plants under long-term cost-protected contracts, as well as to industrial customers and barbeque briquettes manufacturers. We operate 13 surface mines and a 50% interest in an activated carbon plant and char production facility. Our U.S. coal operations are located in Montana, Wyoming, North Dakota and Texas. Our Canadian coal operations are located in Alberta and Saskatchewan. We own a thermal coal export mine with production capacity of three million tonnes per annum and with established sales to the Asian markets. We also operate two coal-fired power generating units in North Carolina with a total capacity of approximately 230 megawatts.

Westmoreland is publicly traded on the NASDAQ Global Market under the symbol WLB and has over 16 million shares of common stock outstanding.

Vision, Mission and Values

Vision, Mission and Values

Our Vision, Mission and Values guide the planning and conduct of every facet of our business. Good operations and a great strategic vision are not enough. It takes a solid foundation of values and a commitment to partnering with our customers, the Tribes and our communities.

Our Vision

To deliver the premium value in the coal industry.

Our Mission

Westmoreland Coal Company is dedicated to diligently applying our mining expertise to attain economic advantages.

Leverage unique operations
Maximize transportation advantages
Identify and develop niche reserves
Cultivate unique partnerships
Sustain efficiency and standardization

Our Values

Our decisions and practices are guided by the values below. They are the core to who we are and how we behave as a company.

To excel at the pillars of coal mining by:

Uncompromised safety
Environmental stewardship
State-of-the-art mining techniques
To exceed partner expectations by:

Fair and collaborative approach
Community and tribal partnerships
Delivery of shareholder value
Agile and responsive interactions
Commitment focused – we do what we say
To maintain a foundation of integrity by:

Honest, transparent, and respectful communication
Highest legal and ethical standards
Pride in our work and our company
Dedication to diversity – respect and honor all

Growth and Development

Westmoreland’s existing operations provide a solid foundation for continued growth. Changes taking place in the energy business as a result of economic conditions, environmental regulation, shifts and disruptions among other companies and markets within the sector and new technologies, may create opportunities for new acquisitions and investments that are attractive. The Company’s strategic plan for growth provides clear criteria and a disciplined approach for evaluating opportunities and moving forward in a focused way.

Rather than depend upon a central development department, Westmoreland confers primary responsibility for the identification of growth opportunities, whether through acquisition or development, upon its senior managers and uses teams of cross-tasking employees from throughout the organization, combined with the judicious use of consultants for specific needs, to evaluate opportunities identified on a project-by-project basis. Westmoreland believes this approach delivers more realistic and logical opportunities, assures fidelity to the Company’s vision and strategic criteria for growth, minimizes cost, and instills a sense of responsibility, authority, accountability and commitment to profitable growth at all levels within the Company.

Marketing and Sales

Westmoreland has long been known for the quality of its sales program and orientation to customer service. Functions including market analysis, sales, and contract management are performed from the Englewood, Colorado corporate offices. Consistent with the nature of the Company’s mining operations, Westmoreland Coal Sales focuses on optimizing long-term relationships with our customers, delivering premium value for our business partners, maintaining a keen and active involvement in incremental markets, as well as keeping an eye on strategic development opportunities.