Walter Energy cuts coal output by 1M tonnes in 2012

Mar 13, 2013 | 06:55 AM | Stacy Irish

Tags  Walter Energy, coal, metallurgical coal, production cuts, Brule Mine, Willow Creek Mine, Stacy Irish

NEW YORK — U.S. metallurgical and thermal coal producer Walter Energy Inc. cut production at low-margin mines by more than 1 million tonnes per year in 2012, according to a letter to shareholders.

"As we enter 2013, we have the capacity to produce in excess of 15 million metric tons (per year) of high-quality met coal in our existing operations when market conditions warrant," the letter....

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