Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report(Date of earliest event reported):
July 27, 1999
WESTMORELAND COAL COMPANY
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(Exact name of registrant as specified in its charter)
DELAWARE 0-752 23-1128670
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or Number Identification No.)
organization)
2 North Cascade Avenue, 14th Floor, Colorado Springs, Colorado 80903
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: 719-442-2600
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Item 5. Other Events
The Company announced the sale of its Bullitt Preparation Plant and
Transloader Complex to Mountain, LLC for approximately $650,000 in cash and the
assumption of approximately $600,000 of associated reclamation liabilities.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.12 -- Press release dated July 27, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
WESTMORELAND COAL COMPANY
Date: July 28, 1999 /s/ Robert J. Jaeger
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By: Robert J. Jaeger
Senior Vice President-Finance
and Treasurer
<PAGE 1>
Exhibit 99.12
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Westmoreland Announces
Sale of Remaining
Southwest Virginia Coal Assets
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Colorado Springs, CO -- July 27, 1999 -- Westmoreland Coal Company (AMEX: WLB)
today announced the sale of its Bullitt Preparation Plant and Transloader
Complex to Mountain, LLC ("Mountain") for approximately $650,000 in cash and the
assumption of approximately $600,000 of associated reclamation liabilities. The
complex, located in Appalachia, Wise County, Virginia, was constructed in 1972
to support operations of the Company's Virginia Division. Westmoreland closed
its Virginia Division mining operations in 1995. Mountain expects to dismantle
or sell the preparation plant facilities and will lease the transloader facility
to Airways Enterprises, LLC.
All necessary third party consents were obtained prior to closing and all
permits were assigned to Airways Enterprises as a condition to closing.
Christopher K. Seglem, Westmoreland's Chairman, President, and CEO said, "This
transaction marks the conclusion of Westmoreland's ownership of coal processing
assets in Southwest Virginia. Our remaining presence will revolve around
reclamation activities and the delivery of health and pension benefits to former
employees in that region. The Bullitt Preparation Plant and Transloader Complex
served us well throughout the useful life of the Virginia Division operations."
Westmoreland Coal Company, headquartered in Colorado Springs, Colorado, is
currently engaged in western coal mining through its 80% owned subsidiary
Westmoreland Resources, Inc. and independent power production through its
wholly-owned subsidiary Westmoreland Energy, Inc. The Company also holds a 20%
interest in Dominion Terminal Associates, a coal shipping and terminal facility
in Newport News, Virginia.
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For further information contact Page Henley (719) 448-5813
