8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 17, 2010

WESTMORELAND COAL COMPANY
(Exact name of registrant as specified in its charter)

Delaware	001-11155	23-1128670
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2 North Cascade Avenue, 2nd Floor, Colorado Springs, CO	80903
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (719) 442-2600

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01. Entry into a Material Definitive Agreement.

Effective December 17, 2010, Westmoreland Resources, Inc. (“WRI”), a wholly-owned subsidiary of Westmoreland Coal Company (the “Company”), entered into a one-year renewal of its revolving line of credit with First Interstate Bank, Billings, Montana. All other terms of the borrowing remain the same during the renewal period. Outstanding borrowings at December 17, 2010 were $19.6 million.

Item 9.01. Financial Statements and Exhibits

Exhibit No.	Description
10.1	Change in Terms Agreement between Westmoreland Resources, Inc. and First Interstate Bank dated effective December 17, 2010

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

WESTMORELAND COAL COMPANY

Date: December 22, 2010

By: /s/ Kevin Paprzycki                       
Kevin Paprzycki
Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
10.1	Change in Terms Agreement between Westmoreland Resources, Inc. and First Interstate Bank dated effective December 17, 2010

EX-10.1

Exhibit 10.1

CHANGE IN TERMS AGREEMENT

BORROWER :	Lender:
WESTMORELAND RESOURCES, INC.	FIRST INTERSTATE BANK
PO BOX 449	BILLINGS OFFICE-COMMERCIAL DEPT.
HARDIN, MT 59034-0449	401 NORTH 31st STREET
	PO BOX 30918
	BILLINGS, MT 59116

Effective Date of Agreement: DECEMBER 17, 2010
Note Number: 1100236355

Description of Existing Indebtedness: REVOLVING LINE OF CREDIT SHOWING A CURRENT PRINCIPAL BALANCE OF $19,600,000.00.

Description of Collateral: 10,000 SHARES OF WESTMORELAND RESOURCES STOCK PLEDGED BY WESTMORELAND COAL COMPANY AND ALL INVENTORY, CHATTEL PAPER, ACCOUNTS, GENERAL INTANGIBLES AND EQUIPMENT OF WESTMORELAND RESOURCES , INC.

Description of Change in Terms: THE MATURITY DATE IS EXTENDED TO DECEMBER 18, 2011. ALL OTHER TERMS AND CONDITIONS TO REMAIN THE SAME. THERE IS AN INTEREST PAYMENT DUE ON DECEMBER 18, 2010.

Continuing Validity. Except as expressly changed by this Agreement, the terms of the original obligation or obligations, including all agreements evidenced or securing the obligation(s), remain unchanged and in full force and effect. Consent by Lender to this Agreement does not waive Lender’s right to strict performance of the obligation(s) as changed, nor obligate Lender to make any future change in terms. Nothing in this Agreement will constitute a satisfaction of the obligation(s). It is the intention of Lender to retain as liable parties all makers and endorsers of the original obligation(s), including accommodation parties, unless a party is expressly released by Lender in writing. Any maker or endorser, including accommodation makers, will not be released by virtue of this Agreement. If any person who signed the original obligation does not sign this Agreement below, then all persons signing below acknowledge that this Agreement is given conditionally, based on the representation to Lender that the non-signing party consents to the changes and provisions of this Agreement or otherwise will not be released by it. This waiver applies not only to any initial extension, modification or release, but also to all such subsequent actions.

PRIOR TO SIGNING THIS AGREEMENT, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS AGREEMENT. BORROWER AGREES TO THE TERMS OF THE AGREEMENT AND ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THE AGREEMENT.

BORROWER: WESTMORELAND RESOURCES, INC.

BY:	/s/ Kevin Paprzycki
	KEVIN PAPRZYCKI, VICE PRESIDENT

FIRST INTERSTATE BANK

BY:	/s/ Steve Tostenrud	BY:	/s/ Susan M. Riplett
	STEVE TOSTENRUD, VICE PRESIDENT		SUSAN M. RIPLETT, VICE PRESIDENT