U.S. approves 60-million ton expansion of Montana coal mine

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The move comes as Westmoreland has seen its stock price plummet over the past year, prompting speculation the Englewood, Colorado-based company could be headed for bankruptcy.

BILLINGS, Mont. — U.S. officials have approved a 60-million ton expansion of a southeastern Montana coal mine that serves one of the largest power plants in the western United States, Interior Secretary Ryan Zinke’s office said Friday.

The approval will extend the life of Westmoreland Coal Company’s Rosebud Mine by 19 years and adds 10.5 square miles (27 square kilometers) to the 40-square-mile (104-square kilometer) strip mine, Zinke spokeswoman Heather Swift said.

The move comes as Westmoreland has seen its stock price plummet over the past year, prompting speculation the Englewood, Colorado-based company could be headed for bankruptcy.

Chief Executive Officer Kevin Paprzycki stepped down last month shortly after Westmoreland reported a $107 million loss through the first three quarters of 2017.


More: https://www.denverpost.com/2017/12/22/montana-coal-mine-expansion-approved/



This photo taken May 25, 2013, shows an aerial view of Colstrip power plants 1,2,3 & 4 and the Westmoreland coal mines near Colstrip, Mont. U.S. officials have approved a 60-million ton expansion of a southeastern Montana coal mine that serves one of the largest power plants in the western United States, Interior Secretary Ryan Zinke’s office said Friday, Dec. 22, 2017. The approval will extend the life of Westmoreland Coal Company’s Rosebud Mine by 19 years and adds 10.5 square miles to the 40-square-mile (104-square kilometer) strip mine, Zinke spokeswoman Heather Swift said.

[mountain grammy]

1. Beautiful clean coal..