01
Apr
18:54
Walter completes US met coal divestiture
Birmingham, Alabama-based Walter Energy has sold off its US metallurgical coal assets as part of a court-monitored bankruptcy restructuring plan, Kallanish understands.
Walter’s remaining metallurgical coal assets in Alabama have been auctioned off to Warrior Met Coal LLC, which is comprised of Walter’s first-lien creditors.
In February, Walter sold off related assets in West Virginia and Alabama to Seminole Coal Resources.
Walter’s bankr…
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Very good overview of the weekly steel market.
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