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Jan 1, 1927

Jan 1, 1957

Jan 1, 1970

Jan 1, 1932

Jan 1, 1934

Jan 1, 1951

By Kraig R. Naasz

Jan 1, 2008

By Todd A. Myers

Forward Looking Statement Disclaimer This presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the Company's vision, strategy, operations, growth, development and any other statements containing the words, "believes, " "expects, " "anticipates, " "plans, " "estimates, " and similar expressions. There are a number of factors that could cause Westmoreland Coal Company's actual results to differ materially from those indicated by such forward-looking statements including, but not limited to: general economic and business conditions; healthcare cost trends; the Company's ability to manage growth and significantly expanded operations; the ability of the Company to implement its business strategy; the Company's ability to pay the preferred stock dividends that are accumulated but unpaid; the Company's ability to retain key senior management; the Company's access to financing; the Company's ability to maintain compliance with debt covenant requirements; the Company's ability to successfully identify new business opportunities; the Company's ability to achieve anticipated cost savings and profitability targets; the Company's ability to utilize its tax net operating losses; demand for electricity; the effect of regulatory and legal proceedings; and other factors identified in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. The Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date such statement was first made.

Jan 1, 2008

Jan 1, 1969

By I. N. Bayless

The subject of Premium Payments for Mechanical Loading was given consideration by the management, having in mind they would prove an incentive for increasing the tons per man shift, make for a lower production cost and allow the ambitious workman an opportunity to augment his earnings over the regular day wage rate, a standard of performance having been established by the operator which would be expected from the employee. Any performance above the standard is looked upon as a saving to the operator of which the employe benefited to the extent of receiving a certain percentage of the saving effected. The premium must be high enough to be worth while to the employee and low enough to in¬sure a saving to the employer. This method of sharing tends to pay men in accordance with their ability and effort. One of the principal advantages of this method of sharing is that a better class of labor may be attracted. Greater earnings furnish an incentive to increased tonnage. Workmen who prove themselves aggressive are readily noticed by supervisors, and, by shifting men to different places and to different working conditions, the crews are made more efficient and the inefficient workmen may be singled out and eliminated, thus permitting better results and better operation of the mechanical loading equipment. This is also evidenced by the fact that men become their own competitors, also working in competition with other crews. In order to do this, without neglect to the care and protection of the loading machines, men are educated to the proper handling and care of the machinery, keeping it in shape and everything clean in general, which has shown good results.

Jan 1, 1932

Jan 1, 1935

Jan 1, 1948

Jan 1, 1941

By J. M. Shafer

Jan 1, 2005

Jan 1, 1928

A Joy Global Inc. Company [ ] ? Joy Global Inc. headquarters located in Milwaukee, Wisconsin ? P&H Mining Equipment surface mining equipment and support ? Joy Mining Machinery underground mining equipment and support

Jan 1, 2007

By Bret K. Clayton

Jan 1, 2004

Jan 1, 1971

[ ] Thomas B. Egan RMCMI PRESIDENT 1996-1997 on behalf of the RMCMI Board of Directors and Officers of The Rocky Mountain Coal Mining Institute cordially invites you and your family to attend the 93rd Regular Meeting and Convention to be held June 28 thru July 1, 1997 Steamboat Springs, Colorado

Jan 1, 1996

By Kelly A. Cosgrove

Jan 1, 2003