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Company Description

Contact Info

3000 Riverchase Galleria

Suite 1700

Birmingham, AL 35244

United States

Phone: 205-745-2000

Fax:

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry from underground and surface mines with mineral reserves located in the United States (U.S.), Canada, and the United Kingdom (U.K.). The company also extracts, processes, markets and/or possesses mineral reserves of thermal coal and anthracite coal, as well as produce metallurgical coke and coal bed methane gas. Business Strategy Key elements of the company’s strategy include increasing metallurgical coal production capacity; capitalizing on favorable long-term industry dynamics; continuing to provide a mix of coal types and quantities to satisfy customers' needs across various geographic markets; and upholding commitment to excellence in safety and environmental stewardship. Segments The company’s primary business, the mining and exporting of metallurgical coal for the steel industry, is conducted by two business segments, its U.S. Operations segment and its Canadian and U.K. Operations segment. U.S. Operations The U.S. Operations segment includes hard coking coal and thermal coal mines in both Alabama and West Virginia, a coke plant in Alabama, and coal bed methane extraction operations also located in Alabama. The company’s U.S. Operation's metallurgical coal production totaled 8.0 million metric tons and thermal coal production totaled 1.9 million metric tons in 2013. Alabama Operations: The company’s mining operations in Alabama consist of two underground hard coking coal mines in Southern Appalachia's Blue Creek coal seam (the No. 7 Mine and the No. 4 Mine), an underground thermal coal mine (the North River Mine), one surface hard coking coal mine (the Reid School Mine), which was closed in 2013 and two surface hard coking and thermal coal mines (the Swann's Crossing Mine, which was idled in July 2013, and the Choctaw Mine). As of December 31, 2013, the company’s Alabama underground mining operations were estimated to have approximately 176.1 million metric tons of recoverable reserves located in west central Alabama between the cities of Birmingham and Tuscaloosa. Operating at approximately 2,000 feet below the surface, the No. 4 and No. 7 mines are two of the deepest underground coal mines in North America. The company extracts coal primarily from Alabama's Blue Creek seam, which contains bituminous coal. The coal from the company’s No. 4 and 7 mines is sold as a low and mid-vol hard coking coal. The company owns mineral rights for approximately 68 million additional metric tons of recoverable Blue Creek hard coking coal reserves located to the northwest of its No. 4 Mine. Approximately 96% of the hard coking coal sales from the company’s Alabama underground mining operations consist of sales to international customers. The company’s Alabama natural gas operations extract and sell coal bed methane gas from the coal seams owned or leased by it and others. This business includes conventional gas wells, pipeline infrastructure and related equipment located adjacent to its existing underground mining and coal bed methane business. As of December 31, 2013, the company had 1,725 wells that produced approximately 12.1 billion cubic feet of natural gas in 2013. During the year ended December 31, 2013, the company operated three surface mines in Alabama. The Choctaw Mine is located near Parrish in Walker County, Alabama and produces thermal and hard coking coal. The mine has an onsite rail facility serviced by Norfolk Southern rail. The Swann's Crossing Mine is located in Tuscaloosa County near Brookwood, Alabama and produces both hard coking and thermal coal. The company also owns other surface mine coal reserves, including the Flat Top surface mine that contains thermal coal and is ready for operation once market conditions permit. This mine is located in Adamsville, Alabama near Highway 78 and expectations are that any coal produced would be delivered to local customers via truck. Additionally, the company operates the Walter Coke Plant, located in Birmingham, Alabama. The plant's major product line is metallurgical coke, which includes coke for furnace and foundry applications. West Virginia O

 

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