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Walter Energy posts fourth quarter loss amid cost cuts and weak met coal
Walter Energy reports a smaller than expected Q4 loss of 174.3 million as it slashes costs and lowers capital spending to 153.9 million in 2013 and under 150 million in 2014. The firm idles Willow Creek and raises output at Brule and Wolverine while aiming to sell about 250 million in assets.
MENTIONED IN THIS ARTICLE
Walter Energy
Chetwynd - Walter Energy
British Columbia
Wolverine Group
Tumbler Ridge
Wolverine
Brazion Group
Brule
Willow Creek
Chetwynd
Arch Coal
Alpha Natural Resources
United States
Chetwynd and
Met Coal
Simmons & Co
Walter J. Scheler
Bill Harvey