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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

By Robert M. von Storch

Chairman Doc, distinguished guests, and fellow members of the Rocky Mountain Coal Mining Institute: It's a genuine pleasure to meet with you again at the 54th regular meeting. I might add that it is always pleasant to be at the top of the batting order. The field is wide open since there is no danger of repeating something already said. At the same time, I am aware that the lead-off speaker has a responsibility to avoid stepping on the toes of subsequent speakers. I promise to confine my remarks to areas other than those to be covered by the well qualified speakers that follow. During our meetings at this convention, many fine papers will be presented. Our thanks are due Bob Williams and his hard working program committee for the superior selling that brought so many eminent speakers to our meeting. And, of course, our special thanks go to Doc Schloss, general chairman of this meeting. Doc and his able colleague, Stan Shubart, have been the spark plugs that fired up all of the arrangements we are enjoying here in Glenwood Springs. I'm sure all of us are appreciative of the many hours Doc has devoted to seeing that our meetings will be pleasant and profitable. When we mention arrangements, we always think of that master arranger, Fred Whiteside, who, as a charter member and secretary-treasurer of the Rocky Mountain Coal Mining Institute, has had more to do with more matters around these parts than just about anyone I can think of.

Jan 1, 1958

Jan 1, 2000

Jan 1, 1996

Jan 1, 1994

Jan 1, 1942

Jan 1, 1953

Producers with Zero Reportables 2007!: ?New Horizon Mine, Western Fuels Colorado LLC ?Isaacs Run HWM, ICG ADDCAR Systems, LLC ?Savage Mine, Westmoreland Savage Corporation ?South Hallsville No 1 Mine, Sabine Mining Company ?Black Butteand Leucite Hills, Black Butte Coal Company Black Butte and Leucite Hills, Black Butte Coal Company ?Buckskin Mine, Kiewit Mining Group ?Coal Creek Mine, Thunder Basin Coal Company, LLC

Jan 1, 2008

By Clyde Sitterud

Presentation Agenda ?Global Mining Tire Demand ?What is driving it? ?Latest Situation ?How long it will last? ?Michelin?s Response to Increase Supply ?New plant ?Additional presses ?Recommendations for Mining Users ?Treat tires as your major assets ?Areas of attention that will produce immediate results

Jan 1, 2005

By Leigh Freeman

The War for Talent ?McKinsey & Company 1997 and 2000 survey ?2001 book by Michaels, Handfield-Jones and Axelrod, Harvard Business School Press

Jan 1, 2007

[Scott Aberle Western Energy Co POB 99 Colstrip, MT 59323-0099 Randy L. Acre Joy Mining Machinery 2569 Silver Oak Ct. Grand Junction, CO 81505 Brian L. Acton Oxbow Carbon & Minerals Inc 1601 Forum Pl-#P2 West Palm Beach, FL 33401 Laine W. Adair Genwal Resources Inc POB 1420 Huntington, UT 84528-1420 Thomas D. Aderman The North American Coal Corp 14785 Preston Rd #1100 Dallas, TX 75240-7891]

Jan 1, 2000

Jan 1, 1929

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Jan 1, 1987

[ATZ, Inc. American Mining Congress Anaconda Minerals Company Andalex Resources, Inc Arapahoe Energy Consultants Atlas Powder Co Becor Western Inc. Mr & Mrs. Bernard Bernstrom Black Beauty Resouces British Mining Consultants (USA) Limited]

Jan 1, 1988

will be held at COSMOPOLITAN HOTEL DENVER COLORADO June 3,4,5, 1931

Jan 1, 1930

National Energy Technology Laboratory ?Only DOE national lab dedicated to fossil energy -Fossil fuels provide 85% of U.S. energy supply ?One lab, five locations, one management structure ?1,200 Federal and support-contractor employees ?Research spans fundamental science to technology demonstrations

Jan 1, 2006

WILLIAM P BALAZ RMCMI PRESIDENT 1990-1991 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 87th Regular Meeting and Convention to be held June 30, July 1 & 2, 1991 Keystone Resort, Colorado

Jan 1, 1990

[Participating Scholarship Colleges and Universities 138 AmerCable 130 Andalex Resources, Inc 82 Behre Dolbear & Company, Inc 83 Commercial Testing & Engineering Company 86 Continental Conveyor & Equipment Co 87 Crane & Hoist Sales Inc 12 Crested Butte Mountain Resort 88 Dakota Coal Company 89 Empire Machinery Company 90 Energy West Mining Company 91 GH Hensley Industries 92, 93 Hitachi Construction Machinery (America) Corp 96 Ingersoll-Rand Company 131]

Jan 1, 1998

Jan 1, 1963