PROXY STATEMENT
OF WESTMORELAND COAL
Securities and Exchange Commission
Washington D.C. 20549
SCHEDULE 14a INFORMATION
Proxy Statement Pursuant to Sections 14(a) of the
Securities Exchange Act of 1934
Filed by the Registrant [ ]
Filed by a party other than the Registrant [X]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for use of the Commission Only
(as permitted by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[ ] Definitive Materials
[X ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule
14(a)-12
__________________________________________________________________
Westmoreland Coal Company
__________________________________________________________________
(Name of Registrant as Specified in Its Charter)
Westmoreland Committee To Enhance Share Value
__________________________________________________________________
(Name of Person(s) Filing Proxy Statement,
if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X ] No Fee Required.
[ ] Fee computer on table below per Exchange Act Rules 14a-6(i)(l)
and 0-11.
(1) Title of each class of securities to which transaction
applies:
__________________________________________________________________
(2) Aggregate number of securities to which transaction
applies:
__________________________________________________________________
(3) Per Unit price or other underlying value of transaction
computer pursuant to Exchange Act Rule 0-11:
__________________________________________________________________
(4) Proposed maximum aggregate value of transaction:
__________________________________________________________________
(5) Total fee paid:
__________________________________________________________________
[ ] Fee paid previously with preliminary proxy materials.
[ ] Check box if any part of the fee is offset as provided by
Exchange Act Rule 0-11(a)(2) and identify the filing for which the
offsetting fee was paid previously. Identify the previous filing
by registration statement number, or the Form of Schedule and the
date of its filing.
(1) Amount Previously Paid:
__________________________________________________________________
(2) Form, Schedule or Registration Statement No.:
__________________________________________________________________
(3) Filing Party:
__________________________________________________________________
(4) Date Filed:
__________________________________________________________________
1 Set forth the amount on which the filing fee is calculated and
state how it was determined.
- ------------------------------------------------------------------
The following is added text of a Web Site at
freedomforshareholders.com.
FREEDOM FOR SHAREHOLDERS
(This appears on the home page)
(a button on this page takes the viewer to the next page which
offers the following choices)
Filings with SEC
Appraisals
Bodington & Company
Concerned Shareholder Letters
Meet Our Team
Other Voices
(the button on Filings with SEC takes the viewer to the recently
filed preliminary proxy statement of the Committee to Enhance
Share Value)
(the remaining pages contain a statement that the page is under
construction)
The new information will be contained in the Concerned Shareholder
Letters section.
VIA FEDERAL EXPRESS
15 April 1999
Frank Williams
The Westmoreland Committee to Enhance Share Value
Dear Mr. Williams:
As you know, Putnam, Hayes & Bartlett, Inc. performed a valuation
of Westmoreland Coal Company's coal producing assets primarily
based on the use of confidential data received from the company.
Since that information is confidential, we can not provide you
with an estimated value of these assets. However, based on
publicly available information about Westmoreland's western coal
operations and our general experience and understanding of market
conditions in the Power River Basin, there appears to be the
potential for enhancing the value of these operations by engaging
in strategic alliances with transportation providers and achieving
production efficiencies by increasing output from the mine. We
have not quantified that potential.
Very truly yours,
James M. Speyer
Senior Vice President
VIA FEDERAL EXPRESS
15 April 1999
Frank Williams
The Westmoreland Committee to Enhance Share Value
Dear Mr. Williams:
As you know, Putnam, Hayes & Bartlett, Inc. performed a valuation
of Westmoreland Coal Company's electric generating assets
primarily based on the use of confidential data received from the
company. Since that information is confidential, we can not
provide you with an estimated value of these assets.
However, based on our experience and review of electric generation
asset sales that have taken place as a result of electric
restructuring, much of the generation sold has been at
substantially above book value. The actual value, of course,
depends on the specific characteristics of the generation to be
sold. If an owner decided strategically that it wanted to sell
its generating units, now appears to be an advantageous time to do
so.
Very truly yours,
James M. Speyer
Senior Vice President
