The coal industry was shaken up earlier this week with the announcement Westmoreland Coal was filing for Chapter 11 protection in U.S. Bankruptcy Court. The news echoed into Canada, where the company has a number of coal mines, including two in southeastern Saskatchewan.
The decision to file for protection while restructuring won’t have an impact on Westmoreland’s Canadian holdings, as they were not included in the voluntary petition. This means there will be no changes in the day to day operations of the facilities in Coronach and Estevan.
In a press release from Westmoreland, they stated their operations in Canada are cash flow positive and will be sufficient to continue operating at the normal levels. It was also announced there aren’t any anticipated staff reductions on either side of the border.