Walter Energy settles dispute with Erdemir
Walter Energy (NYSE: WLT),announced today that the company has settled a dispute with Turkish steelmaker Erdemir. The dispute was over 280,000 metric tons of premium coking coal that the steelmaker had contracted to purchase during the 2008-2009 contract year at $319 per metric ton.
The press release is quoted as saying:
Walter Energy is a leading U.S. producer and exporter of premium coking coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas.
Click here to access the entire press release
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Mon, Jan 4, 2010
Post by Mike Rodger, Coal Reporter