##### Table of Contents



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
  þ
    
    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the fiscal year ended December 31, 2010
 o
    
    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 PlanB.
    
    Name of issuer of the securities held pursuant to the plan and the address of its
principal executive office:Westmoreland Coal Company, 2 North Cascade Ave., 2nd Floor, Colorado Springs, CO 80903




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 TABLE OF CONTENTS
 PAGEREPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM -
Ehrhardt Keefe Steiner & Hottman PC
    
    
    3STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS,
DECEMBER 31, 2010 AND 2009
    
    
    4STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS,
YEAR ENDED DECEMBER 31, 2010
    
    
    5NOTES TO FINANCIAL STATEMENTS
    
    
    6SUPPLEMENTAL SCHEDULESSCHEDULE 1 - SCHEDULE H, LINE 4A  SCHEDULE OF DELINQUENT
PARTICIPANT CONTRIBUTIONS, YEAR ENDED DECEMBER 31, 2010
    
    
    16SCHEDULE 2 - SCHEDULE H, LINE 4I  SCHEDULE OF ASSETS
(HELD AT END OF YEAR), DECEMBER 31, 2010
    
    
    17SCHEDULE 3 - SCHEDULE H, LINE 4J  SCHEDULE OF REPORTABLE
TRANSACTIONS, YEAR ENDED DECEMBER 31, 2010
    
    
    18SIGNATURE
    
    
    19EXHIBITS
    
    
    20Exhibit 23.1
   2




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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
      
  3




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 
 STATEMENTS OF NET ASSETS
AVAILABLE FOR BENEFITS
  2010
    
    
    2009Investments at fair value:Westmoreland Common Stock Fund:Westmoreland Common Stock
    
    $
    8,773,122
    
    
    $
    4,771,039Westmoreland Preferred Stock Fund:Westmoreland Preferred Stock
    
    
    459,539
    
    
    
    284,525Pooled separate accounts
    
    
    25,141,198
    
    
    
    21,547,988Guaranteed income fund
    
    
    7,135,140
    
    
    
    6,621,469Total investments
    
    
    41,508,999
    
    
    
    33,225,021Notes receivable from participants
    
    
    1,717,403
    
    
    
    1,426,899Company contribution receivable
    
    
    501,516
    
    
    
    771,018Employee contribution receivable
    
    
    121,036
    
    
    
    Net assets available for benefits
    
    $
    43,848,954
    
    
    $
    35,422,938
   4




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 
 STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
  Contributions:Company contributions
    
    $
    2,525,219Employee contributions
    
    
    3,661,733Employee rollover contributions
    
    
    94,627Total contributions
    
    
    6,281,579Investment income:Interest and dividends
    
    
    309,590Net appreciation of investments, including realized and
unrealized gains and losses
    
    
    5,150,630Total investment income
    
    
    5,460,220Deductions from net assets attributed to:Distributions to participants
    
    
    (3,296,926
    )Administrative expenses
    
    
    (18,857
    )Total deductions
    
    
    (3,315,783
    )Increase in net assets available for benefits
    
    
    8,426,016Net assets available for benefits:Beginning of year
    
    
    35,422,938End of year
    
    $
    43,848,954
   5




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 
 NOTES TO FINANCIAL STATEMENTS
 1.
    
    Summary of Significant Accounting Policies
 a.
    
    Basis of Financial Statement Presentation
     b.
    
    New Accounting Pronouncement
   6




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
 c.
    
    Investments
         7




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
  d.
    
    Distributions to Participants
  e.
    
    Subsequent Events
  2.
    
    Description of Plan
  a.
    
    General
     8




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
 b.
    
    Contributions
    Westmoreland Coal Company, Dakota Westmoreland Corporation (DWC) and Westmoreland
Resources, Inc (WRI)
 Texas Westmoreland Coal Co. (TWCC) (formerly Northwestern Resources)
 Western Energy Company (WECO) and Westmoreland Savage Corporation (Savage)
    9




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
  c.
    
    Notes Receivable from Participants
  d.
    
    Distributions
  e.
    
    Vesting
  3.
    
    Notes Receivable from Participants
   10




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
 4.
    
    Fair Value Accounting
  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.
    Description
    
    Level 1
    
    
    Level 2
    
    
    TotalMutual funds:Small cap
    
    $
    
    
    
    $
    3,323,259
    
    
    $
    3,323,259Mid cap
    
    
    
    
    
    
    1,493,476
    
    
    
    1,493,476Large cap
    
    
    
    
    
    
    5,519,234
    
    
    
    5,519,234International
    
    
    
    
    
    
    1,757,197
    
    
    
    1,757,197Blended funds
    
    
    
    
    
    
    2,991,866
    
    
    
    2,991,866Balanced growth fund
    
    
    
    
    
    
    3,010,162
    
    
    
    3,010,162Intermediate  term bond
    
    
    
    
    
    
    1,616,424
    
    
    
    1,616,424Lifetime funds
    
    
    
    
    
    
    5,429,580
    
    
    
    5,429,580Stable value fund
    
    
    
    
    
    
    7,135,140
    
    
    
    7,135,140Company stock
    
    
    9,232,661
    
    
    
    
    
    
    
    9,232,661Total
    
    $
    9,232,661
    
    
    $
    32,276,338
    
    
    $
    41,508,999
  11




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
  Description
    
    Level 1
    
    
    Level 2
    
    
    TotalMutual funds:Small cap
    
    $
    
    
    
    $
    2,912,719
    
    
    $
    2,912,719Mid cap
    
    
    
    
    
    
    998,163
    
    
    
    998,163Large cap
    
    
    
    
    
    
    4,429,587
    
    
    
    4,429,587International
    
    
    
    
    
    
    1,455,198
    
    
    
    1,455,198Blended funds
    
    
    
    
    
    
    2,171,061
    
    
    
    2,171,061Balanced growth fund
    
    
    
    
    
    
    3,067,009
    
    
    
    3,067,009Intermediate-term bond
    
    
    
    
    
    
    991,543
    
    
    
    991,543Lifetime funds
    
    
    
    
    
    
    5,522,708
    
    
    
    5,522,708Stable value fund
    
    
    
    
    
    
    6,621,469
    
    
    
    6,621,469Company stock
    
    
    5,055,564
    
    
    
    
    
    
    
    5,055,564$
    5,055,564
    
    
    $
    28,169,457
    
    
    $
    33,225,021
 5.
    
    Income Taxes
   6.
    
    Plan Termination
   12




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
 7.
    
    Investments
  2010
    
    
    2009Westmoreland Common Stock
    
    $
    8,773,122
    
    
    $
    4,771,039Guaranteed Income Fund
    
    
    7,135,140
    
    
    
    6,621,469Janus Adviser Balanced Fund
    
    
    3,010,162
    
    
    
    3,067,009Large Cap Growth/Turner Investment Fund
    
    
    2,862,978
    
    
    
    2,351,748Large Cap Value/Barrow Hanley Fund
    
    
    2,656,254
    
    
    
    2,077,839S&P 500 Index Fund
    
    
    2,443,552
    
    
    
    2,125,491Lifetime Balanced Fund(1)
    
    
    
    
    
    
    1,961,322
 (1)
    
    Balance for the Lifetime Balanced Fund did not exceed 5% in 2010.  2010Westmoreland Common Stock
    
    $
    2,127,864Westmoreland Preferred Stock
    
    
    205,294Pooled Separate Accounts
    
    
    2,817,472Net appreciation in the value of investments
    
    $
    5,150,630
  Westmoreland Common Stock
 Westmoreland Preferred Stock
  13




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
 8.
    
    Non-participant-Directed Investments
  WestmorelandCommon StockFundNet assets available for benefits at December 31, 2009
    
    $
    4,771,039Additions (deductions) to net assets attributed to:Company contributions
    
    
    2,789,939Employee contributions
    
    
    196,748Investment income (loss):Interest and dividends
    
    
    5,954Net appreciation of investments, including realized and
unrealized gains and losses
    
    
    2,127,864Distributions to participants
    
    
    (341,196
    )Administrative expenses
    
    
    (9,959
    )Participant directed common/preferred stock transfers
    
    
    (767,267
    )Increase in net assets available for benefits
    
    
    4,002,083Net assets available for benefits at December 31, 2010
    
    $
    8,773,122
  9.
    
    Forfeitures
  10.
    
    Risks and Uncertainties
    14




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 NOTES TO FINANCIAL STATEMENTS (CONT.)
   11.
    
    Related Party Transactions
   15




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 Schedule 1
 
 SCHEDULE H, LINE 4A  SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
     Participant

    
    
    
    
    
    
    
    
    
    
    
    
    Total fullycontributions

    
    
    
    
    Contributions
    
    
    Contributions
    
    
    corrected undertransferred late to


    Contributions not
    
    
    corrected outside
    
    
    pending correction
    
    
    VFCP and PTEPlan
    
    corrected
    
    
    VFCP
    
    
    in VFCP
    
    
    2002-51$
    

    $
    686
    
    
    $
    
    
    
    $
    
    
    
    $
    
   16




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 Schedule 2
 
 SCHEDULE H, LINE 4I  SCHEDULE OF ASSETS (HELD AT END OF YEAR)
    Identity of issuer, borrower, or other similar party
    
    Fair ValueEquity securities:* Westmoreland Preferred Stock, 14,589 shares
    
    $
    459,539* Westmoreland Common Stock, 734,767 shares, cost basis $7,455,331
    
    
    8,773,1229,232,661Guaranteed income fund:Prudential Retirement Insurance and Annuity Company:* Guaranteed Income Fund
    
    
    7,135,140Pooled separate accounts:* Prudential Retirement Insurance and Annuity Company:Lifetime Income and Equity Fund
    
    
    132,888Lifetime Growth Fund
    
    
    1,291,533Lifetime Conservative Fund
    
    
    813,521Lifetime Balanced Fund
    
    
    1,895,797Lifetime Aggressive Fund
    
    
    1,295,844* S&P 500 Index Fund
    
    
    2,443,552* Large Cap Value/Barrow Hanley Fund
    
    
    2,656,254* Large Cap Growth/Turner Investment Fund
    
    
    2,862,978* Mid Cap Value/CRM Fund
    
    
    650,694* Mid Cap Growth/Goldman Sachs Fund
    
    
    842,782* Small Cap Growth/Times Square Fund
    
    
    2,017,078* Small Cap Value/TBCAM Fund
    
    
    1,306,180* Janus Adviser Balanced Fund
    
    
    3,010,162* Core Plus Bond/PIMCO Fund
    
    
    1,483,830* Core Bond Enhanced Index Fund
    
    
    132,594* Europacific Growth Fund
    
    
    1,735,669* Dreyfus Mid Cap Index Fund
    
    
    282,769* Dreyfus International Stock Index Fund
    
    
    21,528* Dreyfus Small Cap Index Fund
    
    
    265,54525,141,198Participant loans (interest rates ranging from 4.25% to 9.50%,
various maturity dates)
    
    
    1,717,403Total investments
    
    $
    43,226,402
 *
    
    Denotes party-in-interestNote:
    
    Information on cost of investments is excluded for
participant-directed investments.   17




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WESTMORELAND COAL COMPANY AND
SUBSIDIARIES EMPLOYEES
SAVINGS PLAN
 Schedule 3
 SCHEDULE H, LINE 4J  SCHEDULE OF REPORTABLE TRANSACTIONS
  (a)
    
    (b)
    
    (c)
    
    
    (d)
    
    
    (e)
    
    
    (f)
    
    
    (g)
    
    
    (h)
    
    
    (i)CurrentExpense
    
    
    
    
    
    
    Value of
    
    
    NetIdentity
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Incurred
    
    
    
    
    
    
    Asset on
    
    
    Gainof Party
    
    Description of
    
    Purchase
    
    
    Selling
    
    
    Lease
    
    
    with
    
    
    Cost of
    
    
    Transaction
    
    
    orInvolved
    
    Asset
    
    Price
    
    
    Price
    
    
    Rental
    
    
    Transaction
    
    
    Asset
    
    
    Date
    
    
    (Loss)*
    
    Westmoreland Coal Company common stock
    
    $
    307,963
    
    
    NA
    
    NA
    
    NA
    
    $
    307,963
    
    
    $
    307,963
    
    
    
    *
    
    Westmoreland Coal Company common stock
    
    NA
    
    $
    16,142
    
    
    NA
    
    NA
    
    $
    15,249
    
    
    $
    16,142
    
    
    $
    893
 *
    
    Prudential Retirement Insurance and Annuity Company   18




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SIGNATURE
 The Plan.
 Westmoreland Coal Company andSubsidiaries Employees Savings PlanDate: June 29, 2011
    
    /s/ Cindy Bulla

Cindy BullaPlan Administrator
  19




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EXHIBIT INDEX
 ExhibitNumber
    
    Description23.1
    
    
    Consent of Independent Registered Public Accounting Firm  Ehrhardt Keefe Steiner & Hottman
PC
  20