Annual General Meeting Update

 

TIDMWTN 
 
RNS Number : 5825S 
Western Coal Corporation 
13 September 2010 
 

 
 
 
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| Immediate Release                |                13                | 
|                                  |          September 2010          | 
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                                Western Coal Corp 
 
                  Western Coal's Annual General Meeting Update 
 
Vancouver, B.C. September 13, 2010 - Western Coal Corp (TSX: WTN, WTN.WT and 
AIM: WTN) ("Company" or "Western") is pleased to announce that all resolutions 
presented before the Company's shareholders at the 2010 Annual General and 
Special Meeting ("Meeting") were approved. 
 
At the Meeting, Keith Calder, President and Chief Executive Officer of Western, 
provided an update on the progress of the Company's strategic plan. Highlights 
from the update included that: 
 
·    Western has achieved record production levels in fiscal Q1-2011 and expects 
further improvements in fiscal Q2-2011, thereby confirming that the Company 
remains on track to achieve its stated goal of producing 6 million tonnes in 
fiscal 2011; 
·    The Company is undertaking a comprehensive review of all its assets to 
ensure that each will achieve maximum value for its shareholders; 
·    The Company is considering various value accretive opportunities outside of 
North America that, if successful, could further increase its resources and 
provide access to emerging markets; 
·    Market fundamentals for metallurgical coal remain strong, both in the short 
and medium term, and the Company expects a continued growth in the global demand 
for its products during this period; and 
·    Western has completed the recruitment of the senior leadership team that 
will be responsible for the implementation of its corporate strategy. 
 
Also at the Meeting, Braam Jonker, Chief Financial Officer of Western, stated 
that: 
·    The Company remains confident that it should be able to implement its 
organic growth target of producing 10 million tonnes of coal per annum by 2013 
without having to revert to the markets for financial support; 
·    The Company continues to deliver against its stated targets for the year, 
providing support to its cash flows through higher sales volumes and lower 
costs; 
·    All external growth opportunities currently considered by Western could be 
afforded from its internal cash flow and financing facilities; 
·    There is currently no intention, neither is there a need for the Company to 
revert to the markets for finance; and 
·    By the end of December 2010, the Company intends to amend its capital 
structure which will result in the delisting of the 72 million Western shares 
currently held by a subsidiary of the Company. 
 
A replay of the webcast of the Meeting and a transcript of the Meeting is 
available on the Company's website at 
www.westerncoal.com/investors/financial_information. 
 
 
About Western Coal 
Western Coal is a producer of high quality metallurgical coal from mines in 
northeast British Columbia (Canada), high quality metallurgical coal and 
compliant thermal coal from mines located in West Virginia (USA), and high 
quality anthracite and metallurgical coal in South Wales (UK). Other interests 
owned include a 24% interest in Mandalay Resources Corporation (MND: TSX), 40% 
interest in Xtract Energy (XTR: AIM), and a 20% interest in NEMI Northern Energy 
& Mining (NNE.A: TSX). The Company is headquartered in Vancouver, BC, Canada, 
and trades on the AIM and TSX stock exchanges under the symbol "WTN". More 
information can be found at www.westerncoal.com 
 
Forward-Looking Information 
This release may contain forward-looking statements that may involve risks and 
uncertainties.  Such statements relate to the Company's expectations, 
intentions, plans and beliefs.  As a result, actual future events or results 
could differ materially from those suggested by the forward-looking statements. 
Readers are referred to the documents filed by the Company on SEDAR.  Such risk 
factors include, but are not limited to changes in commodity prices; strengths 
of various economies; the effects of competition and pricing pressures; the 
oversupply of, or lack of demand for, the Company's products; currency and 
interest rate fluctuations; various events which could disrupt the Company's 
construction schedule or operations; the Company's ability to obtain additional 
funding on favourable terms, if at all; and the Company's ability to anticipate 
and manage the foregoing factors and risks.  Additionally, statements related to 
the quantity or magnitude of coal deposits are deemed to be forward-looking 
statements.  The reliability of such information is affected by, among other 
things, uncertainties involving geology of coal deposits; uncertainties of 
estimates of their size or composition; uncertainties of projections related to 
costs of production; the possibilities in delays in mining activities; changes 
in plans with respect to exploration, development projects or capital 
expenditures; and various other risks including those related to health, safety 
and environmental matters. 
 
For further information: 
 
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| Western Coal Corp.        | Buchanan               | Cenkos Securities    | 
| David Jan                 | Communications         | Ivonne Cantu /       | 
| Head of Investor          | Bobby Morse /          | Adrian Hargrave      | 
| Relations                 | Katharine Sutton       | [phone]     | 
| [phone]           | [phone]    |                      | 
| [e-mail] | [e-mail] |                      | 
|                           |                        |                      | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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