01
Feb
18:31
Walter divests metallurgical coal assets
Walter Energy has divested its remaining metallurgical coal business as part of its bankruptcy restructuring, Kallanish learns from a company release.
Walter’s assets in West Virginia and Alabama will be sold to Seminole Cole Resources in exchange for Seminole assuming the debt associated with those properties.
Walter entered bankruptcy protection in July with a total indebtedness of $1.5 billion. In November, the company made a deal to sell substantial…
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Anonymous
Very good overview of the weekly steel market.
Anonymous