Westmoreland Coal To Acquire Wyoming Coal Mine From Chevron

Westmoreland Coal Co

announced its plans to buy a Wyoming coal mine from a Chevron Corp

unit for around $74 million in cash. It will also assume roughly $118 million in liabilities. The deal has been approved by Westmoreland's board. The transaction is likely to close by the end of January. WLB shares gained 5.09% to $13.00 at 10:45 am.