Walter leases coking coal reserves

Dec 12, 2008 | 11:42 AM |

Jim Walter Resources Inc. has leased about 46 million tons of coking coal reserves in the Blue Creek seam near Brookwood, Ala., and said it would increase production immediately.

"It was a strategic acquisition to make sure we have the reserves, but we haven't announced any mine plans," according to a spokesman for the company, part of Walter Industries Inc. Walter Resources....

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