2011 News Releases

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12/09/2011Walter Energy and United Mine Workers of America Sign Labor Contract
BIRMINGHAM, AL, Dec. 9, 2011 -- Officials with Jim Walter Resources, a subsidiary of Walter Energy, and the United Mine Workers of America (UMWA) signed a new five-and-one-half year collective bargaining agreement today. The contract covers a period starting July 1, 2011, through December 31, 2016, and includes wage and benefit increases. The new contract will provide a stable workforce at Jim Walter Resources’ three underground mines in Tuscaloosa and Fayette Counties. “This agreement is sub... 
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11/02/2011Walter Energy Announces Third Quarter 2011 Results
BIRMINGHAM, AL, Nov 02, 2011 (MARKETWIRE via COMTEX) --Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) -- Produces 2.3 Million Metric Tons of Metallurgical Coal; Sales of 2.2 Million Metric Tons -- Revenue of $690.1 Million, Net Income of $76.2 Million, Diluted Earnings Per Share of $1.21, and EBITDA of $198.6 Million -- Sets Strong Fourth Quarter Targets for Production, Income, and Earnings Expectations -- Prepays $50 Million in Term Debt Walter Energy, Inc. (NYSE: ... 
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10/19/2011Walter Energy's Board of Directors Declares Quarterly Dividend
BIRMINGHAM, AL, Oct 19, 2011 (MARKETWIRE via COMTEX) --Walter Energy, Inc. (NYSE: WLT) (TSX: WLT) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share payable on Dec. 2, 2011, to shareholders of record as of the close of business on Nov. 4, 2011. About Walter Energy Walter Energy is the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry. The Company also produces thermal c... 
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10/18/2011Walter Energy Announces Date of Third Quarter 2011 Earnings Conference Call Webcast
BIRMINGHAM, AL, Oct 18, 2011 (MARKETWIRE via COMTEX) --Walter Energy, Inc. (NYSE: WLT) (TSX: WLT), the world's leading publicly traded "pure play" producer of metallurgical coal for the global steel industry, today announced that, in conjunction with the release of its third quarter 2011 earnings results after the market closes on Wednesday, Nov. 2, 2011, it will conduct a conference call with institutional investors and analysts to be broadcast live via the Internet. What: Walter Ene... 
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09/21/2011Walter Energy Enhances Disclosure and Revises Operating Plans
Revises Second Half 2011 Metallurgical Sales Expectations; Continues to Target Strong Metallurgical Sales Growth by End of 2013 BIRMINGHAM, AL, Sep 21, 2011 (MARKETWIRE via COMTEX) --Walter Energy, Inc. (NYSE: WLT) (TSX: WLT), the world's leading publicly traded "pure play" producer of metallurgical coal for the global steel industry, today announced enhanced financial disclosure, revised operating plans and second half 2011 sales expectations. "Walter Energy is making solid operatio... 
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09/12/2011Walter Energy Names Walt Scheller Chief Executive Officer
BIRMINGHAM, AL, Sep 12, 2011 (MARKETWIRE via COMTEX) --Walter Energy, Inc. (NYSE: WLT) (TSX: WLT), the world's leading publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced today that it has named Walter J. "Walt" Scheller III chief executive officer and has elected him to its Board of Directors, effective immediately. Scheller, 50, was previously President - U.S. Operations, and since joining the Company in June 2010 he has been a key memb... 
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09/07/2011Walter Energy Responds to Stock Trading Activity
BIRMINGHAM, AL, Sep 07, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading publicly traded "pure play" producer of metallurgical coal for the global steel industry, is responding to a request from the Investment Industry Regulatory Organization of Canada on behalf of the Toronto Stock Exchange following recent trading activity. Walter Energy is not aware of any corporate developments to account for this activity. The Company's policy is not to comment ... 
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08/03/2011Walter Energy Announces Second Quarter 2011 Results
-- Sells Record 2.7 Million Metric Tons of Metallurgical Coal; Up 73.6 Percent -- Generates GAAP Earnings per Share of $1.71; $2.36 per Diluted Share When Adjusted for Purchase Accounting and One-Time Charges  -- Achieves Record Quarterly Consolidated Revenues of $773.0 Million From Continuing Operations, 88.3 Percent Increase From Second Quarter 2010  -- Delivers 37.8 Percent EBITDA Growth to $267.6 Million  -- Anticipates Second Half 2011 Metallurgical Coal Sales of Approxi... 
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08/01/2011Walter Energy's Board Announces Quarterly Dividend
BIRMINGHAM, AL, Aug 01, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share, payable on Sept. 16, 2011 to shareholders of record at the close of business on Aug. 12, 2011. About Walter Energy Walter Energy is the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry. The Company also produces thermal coal an... 
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07/21/2011Walter Energy Announces Date of Second Quarter 2011 Earnings Conference Call Webcast
BIRMINGHAM, AL, Jul 21, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, today announced that, in conjunction with the release of its second quarter 2011 earnings results after the market closes on Wednesday, August 3, 2011, it will conduct a conference call with institutional investors and analysts to be broadcast live over the Internet. What: Walter E... 
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07/21/2011Walter Energy Names Paul Blalock Head - Investor Relations
BIRMINGHAM, AL, Jul 21, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of coking coal for the global steel industry, today named Paul Blalock head - investor relations. Blalock will be the Company's primary contact for the investment community. Blalock joins Walter Energy from Clearwire Corporation, a leading provider of wireless broadband services, where he has been vice president - investor relations sinc... 
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07/19/2011Walter Energy Responds to Letter From Audley Capital Advisors LLP
BIRMINGHAM, AL, Jul 19, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT) today confirmed receipt of a letter addressed to its Board of Directors from Audley Capital Advisors LLP. The Company and its Board of Directors welcome constructive dialogue with all of its shareholders and remain focused on continuing to create long-term shareholder value. Walter Energy's share price has appreciated 310 percent since January 1, 2007 and 75 percent over the last 12 months, bot... 
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06/30/2011Walter Energy Announces Resignation of Keith Calder
TAMPA, FL, Jun 30, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced today that Keith Calder has tendered his resignation as Chief Executive Officer and a director, effective July 31, 2011. The Board has named Board member Joseph B. Leonard to succeed Mr. Calder as Interim Chief Executive Officer at that time. Mr. Leonard served as Walter Energy's ... 
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05/09/2011Walter Energy Completes Transactions With Chevron Mining
Leases 75 Million Tons of Blue Creek Coking Coal Reserves Jim Walter Resources Acquires North River Steam Coal Mine TAMPA, FL, May 09, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced today the execution of mineral leases for approximately 75 million tons of recoverable Blue Creek coking coal reserves in Tuscaloosa County, Ala. from a subsidiary of ... 
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05/02/2011Walter Energy Contributes One Million Dollars to Alabama Tornado Relief
TAMPA, FL, May 02, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced today that it will contribute $1 million to aid the victims of the April 27 tornadoes in central and west central Alabama. The Company said it would donate $750,000 to the American Red Cross and an additional $250,000 to Alabama Gov. Robert Bentley's Governor's Emergency Relief F... 
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04/28/2011Walter Energy Issues Statement on Alabama Storm Impacts
TAMPA, FL, Apr 28, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, issued the following statement today from President - U.S. Operations Walt Scheller regarding weather-related impacts to its operations following the April 27 storms in central and west central Alabama. "We experienced several large tornadoes near our Alabama operations over the past 24 ho... 
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04/25/2011Walter Energy's Board Announces Quarterly Dividend
TAMPA, FL, Apr 25, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT) announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share, payable on June 3, 2011 to shareholders of record at the close of business on May 6, 2011. About Walter Energy Walter Energy is the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry. The Company also produces steam coal and industria... 
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04/20/2011Walter Energy Announces First Quarter 2011 Results
Company Reports Earnings of $1.53 per Diluted Share and Net Income of $81.8 Million, Both Almost Double Compared to First Quarter 2010 EBITDA of $148.1 Million, Up 58 Percent Underground Mining Segment Nearly Doubles Operating Income TAMPA, FL, Apr 20, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, today announced earnings per diluted share of $1.53 an... 
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04/14/2011Walter Energy Announces Webcast Information for Annual Shareholder Meeting; First Quarter 2011 Earnings Conference Call Webcast
TAMPA, FL, Apr 14, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced that it will host two Web casts next week: What: Walter Energy Annual Meeting Webcast When: Wednesday, April 20, 2011; 11 a.m. EDT Where: www.walterenergy.com How: Live over the Internet -- Simply log on to the web at the address above Length: Approximately one hour ... 
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04/12/2011Walter Energy Announces Toronto Stock Exchange Listing
TAMPA, FL, Apr 12, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT) (TSX: WLT), the world's leading, publicly traded "pure play" producer of metallurgical coal for the global steel industry, announced today that it has received approval from the Toronto Stock Exchange ("TSX") to list the Company's common shares on the exchange. Walter Energy's common shares will commence trading at the opening bell of the TSX today, Tuesday, April 12, 2011 under the trading symbol, "WLT". The ... 
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04/01/2011Walter Energy and Western Coal Complete Plan of Arrangement
Walter Energy Announces Final Pro-Ration Results (Tampa, FL) - April 1, 2011 - Walter Energy, Inc. (NYSE: WLT) (“Walter”) is pleased to announce the completion of the acquisition of Western Coal Corp (TSX: WTN, WTN.WT and AIM: WTN) (“Western”) by Walter by way of a court-approved plan of arrangement. “This is an exciting time for shareholders and other stakeholders of both companies. The combined company has an unrivaled growth profile in the industry, which ensures we are well positioned ... 
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03/24/2011Western Coal and Walter Energy Receive Investment Canada Act Approval in Connection with Proposed Arrangement
Vancouver, BC, March 24, 2011 - Western Coal Corp. (TSX: WTN, WTN.WT and AIM: WTN) ("Western") and Walter Energy, Inc. (NYSE: WLT) ("Walter") are pleased to announce that the Minister of Industry, under the Investment Canada Act, has approved the proposed acquisition of Western by Walter upon determination that the transaction is of net benefit to Canada. Completion of the arrangement remains conditional on satisfaction of other customary conditions. Subject to the satisfaction or waiver of all ... 
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03/10/2011Walter Energy Provides Updates on Alabama Expansion Initiatives
TAMPA, FL, Mar 10, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, announced updates today to its previously announced Alabama expansion initiatives. The Company said it has successfully concluded negotiations to lease approximately 75 million tons of recoverable Blue Creek coking coal reserves in Tuscaloosa County, Ala. from a subsidiary of Chevron Corporation (NYSE: CVX) ("Chevron"). ... 
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03/08/2011Western Coal Shareholders Overwhelmingly Approve Plan of Arrangement with Walter Energy
Western Announces Preliminary Results of Arrangement Consideration Elections VANCOUVER, March 8, 2011 /PRNewswire via COMTEX/ -- Western Coal Corp. (TSX: WTN), (TSX: WTN.WT) and (AIM: WTN) (the "Company" or "Western") and Walter Energy, Inc. (NYSE: WLT) ("Walter") announced today that Western's shareholders have overwhelmingly voted in favour of the proposed acquisition of Western by Walter. The proposed transaction was approved by approximately 99.86% of the votes cast by all shareholders ... 
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03/01/2011Walter Energy to Name Western Coal CEO Calder as Its Chief Executive Officer; Western Coal Nominates Three to Serve on Walter Energy Board Of Directors
TAMPA, FL, Mar 01, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, announced today that it would name Western Coal's (TSX: WTN) (TSX: WTN.WT) (AIM: WTN) Chief Executive Officer Keith Calder, 49, chief executive officer of Walter Energy, effective upon the closing of the acquisition of Western Coal by Walter Energy, which is expected to be completed April 1, 2011. Calder would succeed W... 
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02/17/2011Walter Energy Sets Annual Meeting Date, Location
TAMPA, FL, Feb 17, 2011 (MARKETWIRE via COMTEX) --Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, announced today that shareholders of record at the close of business on March 2, 2011 shall be entitled to notice of and to vote at the Annual Meeting of Shareholders, which will be held April 20, 2011 at 10 a.m. Central Standard Time at the Wynfrey Hotel, 1000 Riverchase Galleria, Birmingham, Alabama 35244. About ... 
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02/14/2011Walter Energy Announces Fourth Quarter and Full-Year 2010 Results
Company Reports Earnings From Continuing Operations of $1.75 per Diluted Share for Fourth Quarter and $7.25 per Diluted Share for Full Year 2010 $1.6 Billion in Full-Year 2010 Revenues on Record Coking Coal Sales of 7.2 Million Tons Fourth Quarter EBITDA Triples to $171.5 Million; Full-Year EBITDA Climbs to Nearly $700 Million Acquisition of Western Coal Corp. Progressing; Closing Anticipated on April 1, 2011 TAMPA, FL, Feb 14, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT), ... 
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02/01/2011Walter Energy Announces Date of Fourth Quarter and Full Year 2010 Earnings Conference Call Webcast
TAMPA, FL, Feb 01, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, today announced that in conjunction with the release of its fourth quarter and full year 2010 earnings results after the market closes on Monday, Feb. 14, 2011, it will conduct a conference call with institutional investors and analysts to be broadcast live over the Internet. What: Walter Energy Fourth Quarter and Full Y... 
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02/01/2011Walter Energy's Board Announces Quarterly Dividend
TAMPA, FL, Feb 01, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry, announced today that its Board of Directors has declared a regular quarterly dividend of $0.125 per common share, payable on March 11, 2011 to shareholders of record at the close of business on Feb. 18, 2011. About Walter Energy Walter Energy is a leading U.S. producer and exporter of premium hard coking coal for the globa... 
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01/20/2011Walter Energy Announces Expiration of Hart-Scott-Rodino Waiting Period for Acquisition of Western Coal Corp.; Completion of Acquisition of 9.15 Percent Stake in Western Coal From Funds Advised by Audley Capital
TAMPA, FL, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Walter Energy (NYSE: WLT) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 related to the Company's pending acquisition of Western Coal Corp. (TSX: WTN) (TSX: WTN.WT) (AIM: WTN) expired on Jan. 12, 2011 and that the Canadian Competition Bureau issued a "no action" letter to Walter Energy on January 14 indicating that it does not intend to oppose Walter Energy's pending acquisition of Western ... 
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