Walter Energy, Inc.

Birmingham, AL United States

  (NYSE: WLT)

Company Description

Walter Energy has renewed energy for exploiting natural resources. Its subsidiaries include Jim Walter Resources (coal production) and Walter Coke (formerly Sloss Industries -- foundry and furnace coke). Its primary business is the mining and exporting of hard coking coal for the steel industry through its Underground Mining coal segment which accounts for more than 80% of Walter Energy's total sales. The company also develops methane gas that is found in its coal seams. Formerly a diversified company that included water products, homebuilding, and financing units, Walter Energy has divested itself of all but its natural resources and energy businesses.