Westmoreland Coal Extends Long-Term Supply Agreement

Westmoreland Coal Company (NASDAQ:WLB) has singed a long term supply agreement with FMC Corporation (NYSE:FMC) through its subsidiary, Westmoreland Kemmerer, Inc.. Westmoreland will supply coal from its Kemmerer Mine for FMC’s Westvaco and Granger operations.

As quoted in the press release:

The new agreement replaces two existing contracts that were set to terminate in 2016 and 2021. The agreements extend the contracts through 2026.

Westmoreland CEO, Keith E. Alessi, said:

Westmoreland views FMC as a key partner at our Kemmerer Mine. We are excited to have extended our relationship with FMC until 2026. The contract extension provides Westmoreland an additional long-term cornerstone industrial customer at our Kemmerer Mine and we anticipate a continuing positive partnership

Click here to read the Westmoreland Coal Company (NASDAQ:WLB) press release