Walter Energy Inc. (WLT) said that it is resetting the range of expected met coal production in 2012 for a number of reasons, including the inherent risks of the mining business and slightly lower expectations from some of the startup developmental projects like the Aberpergwm mine in Wales. The new projected growth of 11.5 to 13 million metric tons compares with prior expectations for 2012 of 13 to 14 million metric tons of met coal.
The company said it estimates that fourth quarter 2011 financial results were below the low end of its prior guidance.
Met coal sales volume and production in the fourth quarter of 2011 were both approximately 2.4 million metric tons. Similarly, for the full year 2011 met coal sales volume matched the above-mentioned actual annual production rate of approximately 8.7 million metric tons.Shares -2.8% AH
Walter Energy Inc. (WLT)'s resistance level is $58.75 and support level is $53.32
The company said it estimates that fourth quarter 2011 financial results were below the low end of its prior guidance.
Met coal sales volume and production in the fourth quarter of 2011 were both approximately 2.4 million metric tons. Similarly, for the full year 2011 met coal sales volume matched the above-mentioned actual annual production rate of approximately 8.7 million metric tons.Shares -2.8% AH
Walter Energy Inc. (WLT)'s resistance level is $58.75 and support level is $53.32
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