Westmoreland Forms Absaloka Coal LLC To Monetize Tax Credits

October 17, 2008 Filed Under: Coal Mining, Mining Stocks  

Westmoreland Coal Company announced that its Westmoreland Resources, Inc. subsidiary, which owns and operates the Absaloka Mine, has formed Absaloka Coal, LLC and partnered with an East Coast financial institution. Absaloka Coal will serve as the producer and seller of coal leased from the Crow Indian Tribe in Montana, and will benefit from Indian Coal Production Tax Credits available through Section...