Walter Energy looks to curb costs after $34.5M 2d-qtr. loss

Aug 02, 2013 | 09:46 AM | Daisy Tseng

Tags  Walter Energy, metallurgical coal, coal production, coal sales, coal prices, Walter Scheller, Daisy Tseng

SINGAPORE — Walter Energy Inc. is looking for ways to reduce costs after posting a second-quarter net loss of $34.5 million, which it attributed to lower metallurgical coal prices and sales volumes.

"In a difficult met coal pricing environment, we continue to pursue measures to reduce operating costs, selling, general and administrative expenses, and capital spending," chief executive officer Walter J. Scheller said in the statement Aug. 1.....

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