Westmoreland Coal adds coal operations in C$465M deal

|About: Westmoreland Coal Co (WLB)|By:, SA News Editor

Westmoreland Coal (WLB) agrees to acquire coal mining operations from Sherritt International (SHERF) for ~C$465M.

The operations include seven producing thermal coal mines in Alberta and Saskatchewan, a 50% interest in an activated carbon plant and a char production facility which sells to barbeque briquette producers.

Sherritt's annual coal output of ~27M tons doubles WLB's production.

Sherritt also is selling its Canadian coal and potash royalty business to a group led by Altius Minerals for C$481M.