Walter Energy, Inc. was a publicly traded "pure play"
metallurgical coal producer for the global steel industry. The company also produced
natural gas, steam
coal and industrial
coal, anthracite, metallurgical
coke, and
coal bed methane gas. Corporate and U.S. headquarters were located in
Birmingham,
Alabama, and its Canadian & UK headquarters in
Vancouver, British Columbia. Walter Energy filed for bankruptcy in 2015 and its assets were purchased by
Warrior Met Coal
A warrior is a person specializing in combat or warfare, especially within the context of a tribal or clan-based warrior culture society that recognizes a separate warrior aristocracies, class, or caste.
History
Warriors seem to have bee ...
.
Divisions
U.S.
The company's U.S. underground mines produced high-quality
coal from Alabama's Blue Creek seam. Jim Walter Resources, the Company's U.S. underground coal mining unit, has grown from a small producer of less than 1 million tons of coal per year, produced solely for use in its sister company's coke ovens, into one of the 25 largest coal
metallurgical coal producers in the United States, with 2010 metallurgical coal sales of approximately 6.0 million metric tons and plans to expand sales to 8.5 million metric tons of metallurgical coal by 2013. Its metallurgical coal mines, No. 4 and No. 7, are two of the deepest vertical shaft coal mines in North America at nearly 2,000 feet deep. The mines also produce a significant quantity of
coal bed methane gas. Jim Walter Resources also operates the North River steam coal mine.
The U.S. Division operates the Maple Coal and Gauley Eagle mines in West Virginia, and mines in
South Wales
South Wales ( cy, De Cymru) is a loosely defined region of Wales bordered by England to the east and mid Wales to the north. Generally considered to include the historic counties of Glamorgan and Monmouthshire, south Wales extends westwards ...
in
Britain. These mines were formerly owned by Western Coal Corp.
Walter Minerals, an Alabama-based surface coal producer with a capacity of nearly 1.5 million tons, which produces coal for the Alabama steam and industrial coal markets, also is included in the Company's U.S. operations.
Walter Coke, the company's
fuel coke producer, manufactures coke for use in blast furnaces and foundries. The
Birmingham,
Alabama company was formerly known as Sloss Industries.
Canada and U.K.
Walter Energy's Canadian and European operations consist of three mines in British Columbia, Canada and a project in Wales at
Aberpergwm, UK.
History
The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy in April 2009. The predecessor company was founded by Tampa entrepreneur the late
James W. Walter Sr.
James W. Walter Sr. (September 18, 1922 – January 6, 2000), of Tampa, Florida, United States, was a home builder who started ''Jim Walter Homes'' and ''Walter Industries'', now doing business as Walter Energy, Inc., a leading producer of ...
in 1946 as a builder of affordable, stick-built homes across the southeast. It spun off Mueller Water Products in 2006, closed Jim Walter Homes in 2009, also spinning off Walter Investment Management Corporation in 2009.
2001 mine disaster
At approximately 5:15 p.m. on September 23, 2001, at the Jim Walter Resources No. 5
coal mine in
Brookwood, 40 miles southwest of Birmingham, a cave-in caused a release of methane gas that sparked two major explosions, killing thirteen miners.
References
{{Reflist
External links
Walter Energy's Website
Companies formerly listed on the New York Stock Exchange
Coal companies of the United States
Companies based in Birmingham, Alabama
Companies that filed for Chapter 11 bankruptcy in 2015