11-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 11-K

ANNUAL REPORT

PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2012

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission File No. 001-11155

WESTMORELAND COAL COMPANY

A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Westmoreland Coal Company and Subsidiaries Employees' Savings Plan

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Westmoreland Coal Company, 9540 S. Maroon Circle, Suite 200, Englewood, CO 80112

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES'

SAVINGS PLAN

TABLE OF CONTENTS

	Page
Report of Independent Registered Public Accounting Firm -  EKS&H LLLP	3
Statements of Net Assets Available for benefits, December 31, 2012 and 2011	4
Statement of Changes in Net Assets Available for benefits, Year Ended December 31, 2012	5
Notes to Financial Statements	6
SUPPLEMENTAL SCHEDULES
Schedule 1 - Schedule H, Line 4i - Schedule of Assets (Held at End of Year), December 31, 2012	13
Schedule 2 - Schedule H, Line 4J - Schedule of Reportable Transactions, Year Ended December 31, 2012	14
Signature	15
Exhibits	16

2

Report of Independent Registered Public Accounting Firm

The Retirement Benefits Committee

Westmoreland Coal Company and Subsidiaries Employees' Savings Plan:

We have audited the accompanying statements of net assets available for benefits of the Westmoreland Coal Company and Subsidiaries Employees' Savings Plan (the “Plan”) as of December 31, 2012 and 2011, and the statement of changes in net assets available for benefits for the year ended December 31, 2012. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financials based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform an audit of its internal controls over financial reporting.   Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting.  Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2012 and 2011, and the changes in net assets available for benefits for the year ended December 31, 2012, in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules, schedule of assets (held at end of year) and schedule of reportable transactions as of December 31, 2012, are presented for the purpose of additional analysis and are not a required part of the financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. Such information is the responsibility of the Plan's management and has been derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audits of the financial statements and certain additional procedures including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

EKS&H LLLP

June 19, 2013

Denver, Colorado

3

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES'

SAVINGS PLAN

STATEMENTS OF NET ASSETS

AVAILABLE FOR BENEFITS

December 31, 2012 and 2011

	2012		2011
Investments at fair value:
Westmoreland Common Stock Fund:
Westmoreland Common Stock	$	9,262,412	$	10,187,672
Westmoreland Preferred Stock Fund:
Westmoreland Preferred Stock	234,912		323,520
Pooled separate accounts	28,050,966		23,196,379
Mutual funds	4,103,609		3,201,143
Guaranteed income fund	10,506,696		9,367,038
Guaranteed basis fund	348,290		200,934
Total investments	52,506,885		46,476,686
Receivables
Notes receivable from participants	2,173,097		1,859,804
Company contribution receivable	442,037		458,337
Employee contribution receivable	—		118,151
Total receivables	2,615,134		2,436,292
Net assets available for benefits	$	55,122,019	$	48,912,978

See accompanying Notes to Financial Statements.

4

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES'

SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS

AVAILABLE FOR BENEFITS

Year ended December 31, 2012

Contributions:
Company contributions	$	2,964,232
Employee contributions	4,597,073
Employee rollover contributions	681,323
Total contributions	8,242,628
Investment income:
Interest and dividends	418,852
Net appreciation of investments, including realized and unrealized gains and losses	972,885
Total investment income	1,391,737
Deductions from net assets attributed to:
Distributions to participants	(3,373,152		)
Administrative expenses	(52,172		)
Total deductions	(3,425,324		)
Increase in net assets available for benefits	6,209,041
Net assets available for benefits:
Beginning of year	48,912,978
End of year	$	55,122,019

See accompanying Notes to Financial Statements.

5

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS

1. Summary of Significant Accounting Policies

a. Basis of Financial Statement Presentation

The Westmoreland Coal Company and Subsidiaries Employees' Savings Plan, or the Plan, established October 1, 1957 (as amended), is a defined contribution plan and is sponsored by Westmoreland Coal Company, or Westmoreland, and its subsidiaries (the Company or Employer).

The accompanying financial statements have been prepared on the accrual basis of accounting and present the net assets available for benefits and changes in those net assets.

As described in guidance issued by the Financial Accounting Standards Board, or FASB, investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the plan. As required by this guidance, the statements of net assets available for benefits presents the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value, if necessary. There is no adjustment necessary as contract value equals fair value.

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the plan administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of additions and deductions in net assets available for benefits during the reporting period. Actual results could differ significantly from those estimates.

b. Recent Accounting Pronouncements

Effective January 1, 2012, the Company adopted an accounting standards update which generally aligns the principles for fair value measurements and the related disclosure requirements under United States Generally Accepted Accounting Principles and International Financial Reporting Standards. This guidance requires additional disclosures regarding details about Level 3 fair value measurements, including quantitative information about the significant unobservable inputs used in estimating fair value, a discussion of the sensitivity of the measurement to these inputs and a description of the entity's valuation processes. Disclosures will also be needed concerning any transfers between Level 1 and 2 of the fair value hierarchy (not just significant transfers as previous guidance required) and the hierarchy classification for items whose fair value is not recorded on the balance sheet but is disclosed in the notes. The adoption of this standard did not have a material impact on the Plan's financials.

c. Investments

Westmoreland common and preferred stocks are recorded at quoted market values.

Pooled separate accounts are recorded at fair value based on quoted market prices of the securities underlying the accounts.

Mutual funds are recorded at quoted market values.

The Plan has entered into a benefit-responsive investment contract with Prudential Retirement Insurance and Annuity Company (Prudential). Prudential maintains the contributions in a general account. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The contract is included in the financial statements at contract value as reported to the plan by Prudential. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value. The guaranteed investment contract issuer is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the plan.

As described in Note 1a, because the guaranteed investment contract is fully benefit-responsive, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the guaranteed investment contract.

6

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

As of December 31, 2012 and 2011, the contract value and fair value of the investment in the Guaranteed Income Fund was equal, and amounted to $10,506,696 and $9,367,038, respectively. The average yield and the average crediting yield rate of the Guaranteed Income Fund for the years ended December 31, 2012 and 2011 were 2.20% and 2.60%, respectively. The minimum crediting interest rate under the contract is 1.50%. Generally, there are not any events that could limit the ability of the Plan to transact at contract value. In addition, there are not any events that allow the issuer to terminate the contract and which require the plan sponsor to settle at an amount different from contract value.

The Company is restricted by certain debt covenants from paying dividends on its common stock. Payment of common stock dividends is not permitted until preferred stock dividend arrearages are satisfied. As of December 31, 2012, the Company has paid all dividend arrearages on its preferred stock.

The Company's quarterly preferred stock dividends of $0.53125 per depositary share accumulate if not paid in full. The cumulative unpaid preferred stock dividends relating to the shares held by the Plan at December 31, 2012 and 2011, totaled $4,933 and $6,488, respectively. These amounts include the dividends accumulated on January 1, 2013 and 2012, respectively. Effective April 15, 2009, Westmoreland Coal Preferred Stock Fund is no longer offered as an active investment within the Westmoreland Coal Company and Subsidiaries Employees' Savings Plan.

Purchases and sales of securities are recorded on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis. Net realized and unrealized gains and losses are reflected in the accompanying statement of changes in net assets available for benefits as net appreciation (depreciation) of investments and is determined as the difference between fair value at the beginning of the year (or date purchased during the year) and selling price or year-end fair value. Changes in market values after the plan year-end are not reflected in the accompanying financial statements.

d. Distributions to Participants

Distributions to participants are recorded when paid.

2. Description of Plan

The following summary of the Plan provides general information only. Participants should refer to the plan agreement for a more complete description of the Plan's provisions.

a. General

The Plan is administered by a retirement benefits committee, which is appointed by the chairman and CEO of the Company. Prudential, the trustee, has full responsibility for the control and management of the assets of the Plan. Substantially all trustee fees, administrative costs, and investment fees of the Plan are paid by the Company; however, costs of administrative expenses directly attributable to participant accounts are paid by participants.

All active employees who work 1,000 hours or more, are not leased employees, nonresident aliens or subject to collective bargaining agreements, unless specifically negotiated, are eligible to participate in the Plan. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended.

The Plan and the Savage Hourly Union plan have elected a “safe harbor” 401(k) plan under the Internal Revenue Code or, IRC. As a result, the matching contributions made to the Plan are considered safe harbor matching contributions and the contributions will automatically satisfy the nondiscrimination testing requirements under the IRC section 401(m). The Dakota Westmoreland Corporation Hourly Union plan does not qualify.

Effective February 2012, the Plan added a subplan IV, which added Westmoreland Kemmerer represented employees into the plan.

Effective January 2013, the Plan froze the after-tax contribution for future contributions and maintained the after-tax contributions accounts for any previous contributions. This is exclusive of the Roth contributions.

b. Contributions

Participants may contribute between 1% and 75% of their base compensation. The participant's maximum pre-tax contribution is limited by the Internal Revenue Code to $17,000 and $16,500 for calendar years 2012 and 2011, respectively. Catch-up contributions are permitted for those eligible employees over the age of 50 years and are limited to $5,500 in both calendar years 2012 and 2011.

7

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

The Plan offers both automatic enrollment of new employees who do not elect or opt out of the plan and an annual escalation feature of 1% per year up to 6%. The Kemmerer represented plan does not include these features.

The Company matches all non-bargained employees' contributions 100% up to a maximum of 6% of their base compensation. In addition, the Company makes a yearly 2% special employer contribution to employees that had at least 15 years of service as of December 31, 2009 and also have at least 1,000 hours of service per year and are active employees on December 31 of the plan year for which the contribution is made. Contributions will be made after the end of the plan year to which the contributions apply, but only through the plan year ending December 31, 2018. All contributions were made in Westmoreland common stock in 2012.

The Plan matches the Beulah represented employees' contributions 50% up to a maximum of 3%, the Savage represented employees' contributions 100% up to a maximum of 4% and there is no match for the Kemmerer represented employees. Kemmerer represented employees hired after May 1, 2012 are eligible for an enhanced premium contribution and a supplemental pension contribution where the Company contributes the following to the Plan:

Period	Amount per Hour Worked
2012 (beginning May 1, 2012) through 2013	$2.00
2014 through 2018	$3.00

The Plan has a Roth 401(k) feature which allows after-tax contribution dollars to be eligible for tax-free investment earnings if the distribution is qualified. Roth 401(k) contributions and regular contributions are combined for purposes of the IRS annual deferral limit.

The Company will make true‑up matching contributions to participants' accounts on an annual basis. True‑up matching contributions are additional contributions made at the end of each Plan Year to apply the safe harbor matching contributions based on annual compensation which may result in an additional contributions.

c. Participant Accounts

Each participant's account is credited with the participant's contribution and allocations of the Company's contribution and plan expenses and earnings (losses). Allocations are based on participant earnings or account balances, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

d. Distributions

On termination of service due to death, disability, or retirement, a participant may elect to receive an amount equal to the value of the participant's vested interest in his or her account in either a lump-sum amount or in annual installments over a five-, ten-, or fifteen-year period. For termination of service due to other reasons, a participant may receive the value of the vested interest in his or her account as a lump-sum distribution.

e. Vesting

Vesting of the Company's matching contribution for participants is based on years of continuous service. A participant is 50% vested after one year and 100% vested after two years.

3. Notes Receivable from Participants

Participants may request loans from the Plan, which may only be taken from participant contribution account balances. No loan may be granted in an amount less than $1,000. The maximum loan may not exceed 50% of the fair value of the participant's account balance up to a maximum of $50,000, and may be further limited by other provisions of the Internal Revenue Code. The loans are generally repayable over a maximum period of five years and the interest rate is equal to a reasonable interest rate commensurate with current interest rates charged for loans made under similar circumstances. Loans for a primary residence may be repaid over a period of up to 15 years. Principal repaid and interest paid are credited to the participant's account. A participant may have up to two loans outstanding at any one time. The interest rates on loans outstanding at December 31, 2012, range from 4.25% to 9.25% and maturity dates range from January 2013 to July 2027.

8

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

4. Fair Value Accounting

The FASB issued guidance that establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:

Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The following tables set forth by level, within the fair value hierarchy, the Plan's investment assets at fair value as of December 31, 2012 and December 31, 2011.

The following assets are measured at fair value on a recurring basis at December 31, 2012:

Description	Level 1		Level 2		Total
Pooled separate accounts:
Small cap	$	—	$	4,019,168	$	4,019,168
Mid cap	—		2,233,540		2,233,540
Large cap	—		6,497,762		6,497,762
Blended funds	—		2,967,192		2,967,192
Balanced growth fund	—		9,375,309		9,375,309
Intermediate - term bond	—		2,957,995		2,957,995
Mutual funds:
International	3,351,395		—		3,351,395
Blended funds	752,214		—		752,214
Guaranteed income fund	—		10,506,696		10,506,696
Guaranteed basis fund	—		348,290		348,290
Company stock	9,497,324		—		9,497,324
Total	$	13,600,933	$	38,905,952	$	52,506,885

9

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

The following assets are measured at fair value on a recurring basis at December 31, 2011:

Description	Level 1		Level 2		Total
Pooled Separate Accounts:
Small cap	$	—	$	3,377,499	$	3,377,499
Mid cap	—		1,777,084		1,777,084
Large cap	—		5,355,820		5,355,820
Blended funds	—		2,612,218		2,612,218
Balanced growth fund	—		7,915,206		7,915,206
Intermediate - term bond	—		2,158,553		2,158,553
Mutual funds:
International	2,588,533		—		2,588,533
Blended funds	612,609		—		612,609
Guaranteed income fund	—		9,367,038		9,367,038
Guaranteed basis fund	—		200,934		200,934
Company stock	10,511,192		—		10,511,192
Total	$	13,712,334	$	32,764,352	$	46,476,686

5. Income Taxes

The Plan obtained its latest determination letter dated June 30, 2004, from the Internal Revenue Service, which stated that the Plan qualifies under the applicable provisions of the Internal Revenue Code and, therefore, is exempt from federal income taxes. The Plan has been amended since receiving the determination letter. However, the plan administrator believes that the Plan is designed and currently being operated in compliance with the applicable requirements of the Internal Revenue Code.

The Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes. Management evaluated the Plan's tax positions and concluded that the Plan had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the financial statements. Therefore, no provision or liability for income taxes has been included in the financial statements. The plan is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress. The plan administrator believes it is no longer subject to income tax examinations for years prior to 2009.

6. Plan Termination

Although the Company has not expressed any intent to terminate the Plan, it may do so at any time. In the event of plan termination, participants would become 100% vested in their accounts.

7. Investments

Investments representing 5% or more of net assets available for benefits as of December 31, 2012 and 2011 are as follows:

	2012		2011
Westmoreland Common Stock	$	9,262,412	$	10,187,672
Guaranteed Income Fund	10,506,696		9,367,038
Janus Adviser Balanced Fund	9,375,309		7,915,206
Large Cap Growth/JP Morgan Investment Management Fund	3,398,431		2,771,474
Large Cap Value/Barrow Hanley Fund	3,099,331		2,584,346
S&P 500 Index Fund	2,967,192		2,612,218
Europacific Growth Fund	3,183,799		2,451,731

10

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

Net appreciation of investments, including realized and unrealized gains and losses for the year ended December 31, 2012 is as follows:

	2012
Westmoreland Common Stock	$	(2,786,228	)
Westmoreland Preferred Stock	(14,945		)
Pooled separate accounts	3,229,611
Mutual funds	544,447
Net appreciation in the value of investments	$	972,885

Prior to April 1, 2001, participants could direct their contributions (both employer and employee contributions) to invest in any combination of available investments. However, effective April 1, 2001, employer matching contributions are only made in Westmoreland common stock. Effective July 30, 2004, participants may redirect employer-matching contributions to other investment options when the participant becomes 100% vested in employer matching contributions. Effective April 15, 2009, Westmoreland Preferred Stock is no longer offered as an active investment option.

Activity in participant directed funds and the Westmoreland Preferred Stock Fund is participant directed. Activity in the Westmoreland Common Stock Fund includes both participant and non-participant directed investments. A distinction between participant and non-participant directed assets is not maintained, therefore the presentation above for the Westmoreland Common Stock Fund has been reported as non-participant directed and participants can make the investment decision related to holding this stock.

Westmoreland Common Stock - This fund provided the participant the option to invest in Westmoreland Coal Company common stock. Westmoreland Coal Company common stock is issued at the prevailing price on the open market. The Westmoreland Common Stock Fund held 991,693 and 799,033 shares of Westmoreland common stock at December 31, 2012 and 2011, respectively. The market value of the stock on these dates was $9.34 and $12.75 per share, respectively.

Westmoreland Preferred Stock - Westmoreland Coal Company preferred stock offered a cumulative dividend that is preferential to common stock. Any cash dividends paid are used to purchase additional shares of Westmoreland preferred stock. The Westmoreland Preferred Stock Fund held 9,285 and 12,213 shares of Westmoreland preferred stock at December 31, 2012 and 2011, respectively. The market value of the stock on these dates was $25.30 and $26.49 per share, respectively.

Non-participant-Directed Investments

Changes in non-participant-directed investments for the year ended December 31, 2012 are as follows:

	Westmoreland Common Stock Fund
Net assets available for benefits at December 31, 2011	$	10,187,672
Additions (deductions) to net assets attributed to:
Company contributions	2,970,224
Employee contributions	210,086
Employee rollover contributions	69,265
Investment income (loss):
Interest and dividends	6,846
Net appreciation of investments, including realized and unrealized gains and losses	(2,786,228		)
Distributions to participants	(668,785		)
Administrative expenses	(11,087		)
Participant directed common/preferred stock transfers	(715,581		)
Increase in net assets available for benefits	(925,260		)
Net assets available for benefits at December 31, 2012	$	9,262,412

11

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES’

SAVINGS PLAN

NOTES TO FINANCIAL STATEMENTS CONT.

9. Forfeitures

Forfeitures due to a participant's withdrawal prior to full vesting of employer contributions may be applied to employer contributions or used to offset administrative expenses. Forfeitures used to offset administrative expenses in 2012 were $27,005. As of December 31, 2012 and 2011, forfeited nonvested accounts totaled $8,481 and $30,697, respectively.

10. Risks and Uncertainties

The Plan provides for various investment options in pooled separate accounts, mutual funds, stock funds, a guaranteed income fund and a guaranteed basis fund. Investment securities, in general, are exposed to various risks, such as significant world events, interest rate, credit, and overall market volatility risk. Due to the level of risk associated with certain investments, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such change could materially affect amounts presented in the statements of net assets available for benefits.

Additionally, some investments held by the Plan are invested in the securities of foreign companies, which involve special risks and considerations not typically associated with investing in U.S. companies. These risks include devaluation of currencies, less reliable information about issuers, different securities transaction clearance and settlement practices, and possible adverse political and economic developments. Moreover, securities of many foreign companies and their markets may be less liquid and their prices more volatile than those securities of comparable U.S. companies.

The Plan provides the participants the ability to invest in various pooled separate accounts and mutual funds which may, in turn, invest in securities with contractual cash flows, such as asset backed securities, foreign investments, collateralized mortgage obligations and commercial mortgage backed securities, including securities backed by subprime mortgage loans. The value, liquidity and related income of those securities are sensitive to changes in economic conditions, including real estate value, delinquencies or defaults, or both, and may be adversely affected by shifts in the market's perception of the issuers and changes in interest rates.

The Plan has a concentration of investments in Westmoreland equity securities. A change in the value of Westmoreland equity securities could cause the value of the Plan's net assets available for benefits to change due to this concentration.

11. Related Party Transactions

The Plan invests in certain pooled separate accounts, mutual funds, a guaranteed income fund and a guaranteed basis fund managed by Prudential, the Plan's trustee; therefore, these transactions qualify as party-in-interest transactions. In addition, the Plan has significant investments in the Company's common and preferred stock, which qualify as party-in-interest transactions.

12

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES'

SAVINGS PLAN

Schedule 1

Schedule H, Line 4i - Schedule of Assets (Held at End of Year)

EIN: 23-1128670

Plan #766782

December 31, 2012

Identity of issuer, borrower, or other similar party	Fair Value
Equity securities:
*  Westmoreland Preferred Stock, 9,285 shares	$	234,912
*  Westmoreland Common Stock, 991,693 shares, cost basis $10,368,454	9,262,412
	9,497,324
Guaranteed income fund:
Prudential Retirement Insurance and Annuity Company:
* Guaranteed Income Fund	10,506,696
Pooled separate accounts:
*  S&P 500 Index Fund	2,967,192
*  Large Cap Value/Barrow Hanley Fund	3,099,331
*  Large Cap Growth/JP Morgan Investment Management Fund	3,398,431
*  Mid Cap Value/CRM Fund	982,958
*  Mid Cap Growth/Goldman Sachs Fund	1,250,582
*  Small Cap Growth/Times Square Fund	2,448,990
*  Small Cap Value/TBCAM Fund	1,570,178
*  Janus Adviser Balanced Fund	9,375,309
*  Core Plus Bond/PIMCO Fund	2,652,139
*  Core Bond Enhanced Index Fund	305,856
	28,050,966
Mutual funds:
*  Europacific Growth Fund	3,183,799
*  Dreyfus Mid Cap Index Fund	380,391
*  Dreyfus International Stock Index Fund	167,596
*  Dreyfus Small Cap Index Fund	371,823
	4,103,609
Guaranteed basis fund:
*  Prudential Income Flex Target Easy Path Balanced Funds	348,290
*  Participant loans (interest rates ranging from 4.25% to 9.25%, various maturity dates ranging from January 2013 to January 2027)	2,173,097
Total	$	54,679,982

* Denotes party-in-interest

Note: Information on cost of investments is excluded for participant-directed investments.

See accompanying report of Independent Registered Public Accounting Firm.

13

WESTMORELAND COAL COMPANY AND

SUBSIDIARIES EMPLOYEES'

SAVINGS PLAN

Schedule 2

Schedule H, Line 4j - Schedule of Reportable Transactions

EIN: 23-1128670

Plan #766782

Year ended December 31, 2012

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

Identity of Party Involved

Description of Asset

Purchase Price

Selling Price

Lease Rental

Expense Incurred with Transaction

Cost of Asset

Current Value of Asset on Transaction Date

Net Gain or (Loss)

*

Westmoreland Coal Company common stock

$

3,339,578

NA

NA

NA

$

3,339,578

$

3,339,578

$

—

*

Westmoreland Coal Company common stock

NA

$

1,547,873

NA

NA

$

1,796,940

$

1,547,873

$

(249,067

)

* Prudential Retirement Insurance and Annuity Company

See accompanying report of Independent Registered Public Accounting Firm.

14

SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

		Westmoreland Coal Company and Subsidiaries Employees' Savings Plan
Date:	June 19, 2013	/s/ Cindy Bulla
		Cindy Bulla
		Plan Administrator

15

EXHIBIT INDEX

Exhibit Number	Description
23.1	Consent of Independent Registered Public Accounting Firm - EKS&H LLLP

16

EX-23.1

Exhibit 23.1

Consent of Independent Registered Public Accounting Firm

We consent to the incorporation by reference in the Registration Statement Nos. 333-166393 on Form S-8 of Westmoreland Coal Company of our report dated June 19, 2013, with respect to the statements of net assets available for benefits of Westmoreland Coal Company and Subsidiaries Employees' Savings Plan as of December 31, 2012 and 2011, and the statement of changes in net assets available for benefits and the supplemental schedules for the year ended December 31, 2012, which report appears in the December 31, 2012 Annual Report on Form 11-K of the Westmoreland Coal Company and Subsidiaries Employees' Savings Plan.

EKS&H LLLP

Denver, Colorado

June 19, 2013