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Last $0.49 USD
Change Today -0.0173 / -3.41%
Volume 2.0M
WLT On Other Exchanges
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As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3000 Riverchase Galleria

Suite 1700

Birmingham, AL 35244

United States

Phone: 205-745-2000

Fax:

Walter Energy, Inc. operates as a producer and exporter of metallurgical coal for the global steel industry from underground and surface mines with mineral reserves located in the United States (U.S.), Canada, and the United Kingdom (U.K.). The company also extracts, processes, markets, and/or possesses mineral reserves of thermal coal and anthracite coal, as well as produces metallurgical coke and coal bed methane gas. Segments The company’s primary business, the mining and exporting of metallurgical coal for the steel industry, is conducted by two business segments, U.S. Operations, and Canadian and U.K. Operations. U.S. Operations segment This segment includes hard coking coal and thermal coal mines in both Alabama and West Virginia, a coke plant in Alabama, and coal bed methane extraction operations also located in Alabama. This segment’s metallurgical coal production totaled 7.7 million metric tons and thermal coal production totaled 621 thousand metric tons in 2014. Alabama Operation The company’s mining operations in Alabama consist of two underground hard coking coal mines in Southern Appalachia's Blue Creek coal seam (the No. 7 Mine and the No. 4 Mine) and one surface hard coking and thermal coal mine (the Choctaw Mine). As of December 31, 2014, the company’s Alabama underground mining operations were estimated to have approximately 188.9 million metric tons of recoverable reserves located in west central Alabama between the cities of Birmingham and Tuscaloosa. Operating at approximately 2,000 feet below the surface, the No. 4 and No. 7 mines are two of the deepest underground coal mines in North America. The company extracts coal primarily from Alabama's Blue Creek seam, which contains bituminous coal. The coal from the company’s No. 4 and 7 mines is sold as a low and mid-vol hard coking coal. The company owns mineral rights for approximately 68 million additional metric tons of recoverable Blue Creek hard coking coal reserves located to the northwest of its No. 4 Mine. Approximately 92% of the hard coking coal sales from the company’s Alabama underground mining operations consist of sales to international customers. The company’s Alabama natural gas operations extract and sell coal bed methane gas from the coal seams owned or leased by the company and others. This business includes conventional gas wells, pipeline infrastructure and related equipment located adjacent to its existing underground mining and coal bed methane business. As of December 31, 2014, the company had 1,748 wells that produced approximately 11.2 billion cubic feet of natural gas in 2014. In 2014, the company operated one surface mine in Alabama. The Choctaw Mine is located near Parrish in Walker County, Alabama and produces thermal and hard coking coal. The mine has an onsite rail facility serviced by Norfolk Southern rail. Additionally, access to Highway 269 provides delivery access to local customers through truck. Additionally, the company operates the Walter Coke Plant, located in Birmingham, Alabama. The plant's major product line is metallurgical coke, which includes coke for furnace and foundry applications. Foundry coke is marketed to ductile iron pipe plants and foundries producing castings, such as for the automotive and agricultural equipment industries. Furnace coke is sold to the domestic steel industry for producing steel in blast furnaces. West Virginia Operations The company owns four mines on two properties in West Virginia through the acquisition of Western Coal Corp. The mines on these properties produce both hard coking and thermal coal. The two properties are the Gauley Eagle and Maple properties and each has underground and surface mines. The Maple Coal mines are located in Fayette and Kanawha counties and the Gauley Eagle mines are located in Nicholas and Webster counties of West Virginia. These mines were estimated to contain approximately 44.8 million metric tons of recoverable reserves within the Appalachian coal-producing region as of December 31, 2014. The Maple underground coal mine operates in the Eagle coal seam and employs the room-and-pillar mining method with con

 

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