(EnergyAsia, December 15 2010, Wednesday) — US Walter Energy Inc will acquire Western Coal Corp for US$3.24 billion as it positions to meet rising Asian demand for coal. The enlarged entity would have 385 million tons in coal reserves, with metallurgical coal comprising 75% of Western Coal’s production. Walter Energy plans to purchase 20% of…
ASIA: Walter Energy to acquire Canada’s Western Coal for export market
Posted on December 14, 2010 by EnergyAsia