Walter Energy buys assets of Mobile River Terminal

Dec 22, 2010 | 06:26 PM | Lisa Gordon

Walter Energy Inc. has purchased the assets of Mobile River Terminal Co., Mobile, Ala., from a subsidiary of U.S. Steel Corp.

The terms of the deal were not disclosed.

"The Mobile River Terminal is of significant strategic importance to Walter Energy," according to Joe Leonard, interim chief executive officer of the producer and exporter of premium hard coking coal for the global steel industry. "This....

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