New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
09:09 EDTWLTWalter Energy to idle Canadian operations, temporarily lay off employees, staff
Walter Energy will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April. The company will place its Wolverine mine on idle status effective immediately. Brazion will continue to operate the Brule mine but expects to idle the mine by July. The company will continue to operate its preparation plants at these mines to complete processing of coal that already has been mined and is in inventory. For 2013, coal production from Wolverine, which produces mid-volatile hard coking coal, was 1.6M metric tons, while the Brazion mines produced approximately 1.9M metric tons of low-vol PCI and 0.1M metric tons of hard coking coal. As of December 31, 2013, Walter Energy had approximately 1.1M metric tons of coal in inventory in Canada. Employment impacts include temporary layoffs of approximately 415 employees at the Wolverine mine, approximately 280 employees at Brazion, and other administrative support staff. A limited number of employees will remain at each site to operate the preparation plants and, once coal processing is complete, to perform ongoing equipment maintenance and provide ongoing security for the sites during the idle period.
News For WLT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 17, 2014
11:29 EDTWLTJoy Global sees U.S coal market to be challenged in 2015
Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
December 15, 2014
16:30 EDTWLTAlden Global reports 3.79% passive stake in Walter Energy
Subscribe for More Information
December 8, 2014
06:15 EDTWLTWalter Energy implied volatility of 188 at upper end of index mean range
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use