Walter Energy, Inc.
WLT, a leading, publicly traded "pure-play" producer of
metallurgical ("met") coal for the global steel industry, issued the
following statement this morning regarding today's release of EPA's
CO2 emission limits regulations for existing power plants:
"Because the rules issued today by EPA are aimed at controlling CO2
emissions from existing domestic power plants, we do not expect the
regulation will have any material impact on Walter Energy. We
primarily mine and sell metallurgical grades of coal that are used in
making steel, not generating electricity. Approximately 95% of the
company's coal-related revenues come from the export of metallurgical
coal."
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