Westmoreland
Westmoreland Coal Company is an energy mining firm that primarily produces and sells thermal coal to utility customers, along with lignite and surface mined coal products. Founded in 1854 and headquartered in Englewood, Colorado, the company operates coal mines across several states in the U.S., including Montana, Wyoming, North Dakota, Texas, New Mexico, and Ohio, as well as in Alberta and Saskatchewan, Canada. Westmoreland has shifted its focus from eastern underground coal production to surface coal mining complexes in the western U.S. and also engages in power generation in North Carolina. Employing approximately 1,400 people across seven states, the company produces around 28 million tons of coal and generates 1.6 million megawatt hours of electric power annually. Additionally, Westmoreland provides post-retirement benefits to over 1,900 individuals, primarily former coal miners and their dependents.
We market our coal primarily to large utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. During 2010, we produced 7.4 million tons of coal. Our reserves and operations are strategically located in Northern Appalachia and the Illinois Basin to serve our primary market area of Illinois, Indiana, Kentucky, Ohio, Pennsylvania and West Virginia. As of December 31, 2010, we controlled 93.5 million tons of proven and probable coal reserves. Our operations also include two river terminals strategically located in eastern Ohio and western Kentucky that further enhance our ability to supply coal to our customers with river access from multiple mines.
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