Westmoreland Coal Beats Rocky Market in 2014 with Canadian Acquisition, Expects 2015 Capex Up to $92 Million
SUGAR LAND--March 2, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Westmoreland Coal Company (NASDAQ: WLB) (Englewood, Colorado), one of the oldest coal companies based in the U.S., survived increasingly difficult market conditions to post solid overall gains in 2014. The U.S. Coal segment benefited from sales to new customers, and a major acquisition in Canada added almost $390 million to the company's revenues. As part of its North American Metals & Minerals Project Database, Industrial Info is tracking Westmoreland's addition to a bituminous coal mine in Saskatchewan.
Within this article: Details on Westmoreland's quarter, projects and outlook for 2015.
