Walter Energy Outlines Progress on Growth Strategy in Letter to Shareholders

Walter Energy Inc. WLT today began mailing the proxy statement for its Annual Meeting of Shareholders scheduled for April 25, 2013. In addition, Michael T. Tokarz, Chairman of the Board, and Walter J. Scheller, III, Chief Executive Officer and Director, sent a letter to all Walter Energy shareholders outlining progress made in executing the Company's strategy to achieve profitable growth in anticipation of the recovery of met coal prices."The Board and management are intensely focused on maximizing the value of your investment in the Company," Messrs. Tokarz and Scheller state in the letter. "Moreover, we are committed to pursuing operational and financial initiatives that will support and accelerate our efforts -- including, if value creating, further reducing production at any underperforming mines and exploring non-core asset sales."Text of letter from Messrs. Tokarz and Scheller to Walter Energy shareholders:March 11, 2013Dear Fellow Walter Energy Shareholders:Your Board, together with your Company's new senior management team, has made significant progress in executing a new strategic course for Walter Energy. We have created a geographically diversified, high-quality metallurgical (met) coal company and have overseen a significant increase in the production at our mines. Moreover, See full press release