Westmoreland Coal Company declared today it has decided to obtain Chevron Mining’s Kemmerer mine in the Hams Fork Region of Southwestern Wyoming for the amount of $179 million and the sum of $14 million in working investment. The contract comprises of 118 million tons of coal capitals, sufficient supply for 20 years of production, as well as an experienced workforce and high-tech coal preparation and load out conveniences. The procurement cost will be financed with $74 million in cash and the conjecture of $118 million in definite accountabilities, counting in post-retirement health, annuity, black lung and asset retirement responsibility accountabilities.
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