Westmoreland Coal (NasdaqGM: WLB) said Dec. 21 that it has extended its long-term coal supply agreement with Saskatchewan Power (SaskPower) to supply coal from the Poplar River Mine in Saskatchewan, Canada.
The agreement results in an exclusive commitment of over 58 million tons of coal through 2029.
“I am very pleased to announce that we have entered into an agreement with SaskPower to extend the supply of coal from our Poplar River Mine,” noted John Schadan, President and Chief Operating Officer. “We are proud to continue to be the sole provider of fuel to SaskPower from both our Estevan and Poplar mines. This fourteen-year extension is a reflection of our core objective of exceeding our customers’ expectations. On behalf of the Westmoreland team, I would like to thank SaskPower for demonstrating their commitment to Westmoreland by awarding this fourteen-year extension at our Poplar River Mine.”
The Poplar River Mine is a surface operation located in South Central Saskatchewan near the Town of Coronach. The mine operates two active pits and supplies about 3.3 million tonnes per year of lignite coal to the two generating units at the Poplar River Generating Station of SaskPower. The mine has been supplying coal to the station since 1978.
Colorado-based Westmoreland Coal is the oldest independent coal company in the United States. Westmoreland’s coal operations include sub-bituminous and lignite surface coal mining in the Western United States and Canada, an underground bituminous coal mine in Ohio, a char production facility, and a 50% interest in an activated carbon plant.