BHP Billiton New Mexico Coal has finalised the sale agreement for the San Juan Mine to Westmoreland Coal Company (WCC).

Initially announced in May, the deal is expected to be complete at the end of the calendar year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Upon completion of the agreement, WCC will assume complete operation of the mine with effective from 1 January 2016.

During the remainder of 2015, BHP Billiton New Mexico Coal will work with WCC to ensure a smooth ownership transition.

"We will continue to work closely with our employees and the communities we serve to ensure a smooth ownership transition to WCC."

According to BHP, the completion of the sale process will allow coal to be supplied to the San Juan Generating Station (SJGS) beyond 2017.

The sale process is also conditional on the Public Service Company of New Mexico (PNM), obtaining necessary approvals from the New Mexico Public Regulatory Commission (NMPRC).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BHP Billiton New Mexico Coal president Pat Risner said that the agreement reached with WCC would ensure the continuation of operations at the San Juan Mine and provide jobs, sustained revenue stream for local communities.

Pat Risner said: "We will continue to work closely with our employees and the communities we serve to ensure a smooth ownership transition to WCC."

BHP plans to file the sale agreement with the NMPRC as part of a comprehensive filing that needs to be made on 1 July by PNM.