# Walter Energy
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{{short description|U.S. coal producer}}
{{More citations needed|date=August 2009}}
{{Infobox company
|name = Walter Energy, Inc.
| logo = Walter Energy Logo.png
| logo_size = 160px
|type = Public
|traded_as = {{OTC Pink was|WLTGQ}}
|foundation = [Tampa](/source/Tampa%2C_Florida), [Florida](/source/Florida) in 1946
|location = [Galleria Tower](/source/Galleria_Tower)
[Birmingham](/source/Birmingham%2C_Alabama), [Alabama](/source/Alabama), United States
|key_people = Walt Scheller, [Chief Executive Officer](/source/Chief_Executive_Officer)
|revenue = {{profit}}$2.7 billion [USD](/source/United_States_dollar) (2011)
|num_employees = 4,400 (2011, including contractors)
|industry = [Coal Mining](/source/Coal_Mining)
[Energy](/source/Energy)
|products = [Coal](/source/Coal)
[Coke (fuel)](/source/Coke_(fuel))
[Natural Gas](/source/Natural_Gas)
[Anthracite](/source/Anthracite)
|homepage = {{URL|http://www.walterenergy.com}}
}}
'''Walter Energy, Inc.''' was a publicly traded "pure play" [metallurgical coal](/source/metallurgical_coal) producer for the global steel industry. The company also produced [natural gas](/source/natural_gas), steam [coal](/source/coal) and industrial [coal](/source/coal), anthracite, metallurgical [coke](/source/coke_(fuel)), and [coal bed methane](/source/coal_bed_methane) gas. Corporate and U.S. headquarters were located in [Birmingham](/source/Birmingham%2C_Alabama), [Alabama](/source/Alabama), and its Canadian & UK headquarters in [Vancouver, British Columbia](/source/Vancouver%2C_British_Columbia). Walter Energy filed for bankruptcy in 2015[{{Cite news|url=https://www.reuters.com/article/us-walter-energy-bankruptcy/coal-miner-walter-energy-files-for-bankruptcy-idUSKCN0PP20320150715|title=Coal miner Walter Energy files for bankruptcy|date=2015-07-15|work=Reuters|access-date=2017-12-28}}] and its assets were purchased by [Warrior Met Coal](/source/Warrior_Met_Coal).[{{Cite news|url=http://www.al.com/business/index.ssf/2017/04/warrior_met_coal_the_former_wa.html|title=Warrior Met Coal, the former Walter Energy, sets IPO range|last=Poe|first=Kelly|work=AL.com|access-date=2017-12-28|language=en-US}}]
==Divisions==
===U.S.===
The company's U.S. underground mines produced high-quality [coal](/source/coal) from Alabama's Blue Creek seam. Jim Walter Resources, the Company's U.S. underground coal mining unit, has grown from a small producer of less than 1 million tons of coal per year, produced solely for use in its sister company's coke ovens, into one of the 25 largest [metallurgical coal](/source/metallurgical_coal) producers in the United States, with 2010 metallurgical coal sales of approximately 6.0 million metric tons and plans to expand sales to 8.5 million metric tons of metallurgical coal by 2013. Its metallurgical coal mines, No. 4 and No. 7, are two of the deepest vertical shaft coal mines in North America at nearly 2,000 feet deep. The mines also produce a significant quantity of [coal bed methane](/source/coal_bed_methane) gas. Jim Walter Resources also operates the North River steam coal mine.
The U.S. Division operates the Maple Coal and Gauley Eagle mines in West Virginia, and mines in [South Wales](/source/South_Wales) in [Britain](/source/Great_Britain). These mines were formerly owned by Western Coal Corp.
Walter Minerals, an Alabama-based surface coal producer with a capacity of nearly 1.5 million tons, which produces coal for the Alabama steam and industrial coal markets, also is included in the Company's U.S. operations.
Walter Coke, the company's [fuel coke](/source/coke_(fuel)) producer, manufactures coke for use in blast furnaces and foundries. The [Birmingham](/source/Birmingham%2C_Alabama), [Alabama](/source/Alabama) company was formerly known as Sloss Industries.
===Canada and U.K.===
Walter Energy's Canadian and European operations consist of three mines in British Columbia, Canada and a project in Wales at [Aberpergwm](/source/Aberpergwm), UK.
==History==
The company was formerly known as '''Walter Industries, Inc'''. and changed its name to Walter Energy in April 2009. The predecessor company was founded by Tampa entrepreneur the late [James W. Walter Sr.](/source/James_W._Walter_Sr.) in 1946[{{cite web|url=http://www.fundinguniverse.com/company-histories/Walter-Industries-Inc-Company-History.html|title=''Funding Universe'' (undated): WALTER INDUSTRIES, INC . Company History|accessdate=2009-08-11}}] as a builder of affordable, stick-built homes across the southeast. It spun off Mueller Water Products in 2006, closed Jim Walter Homes in 2009, also spinning off Walter Investment Management Corporation in 2009.
===2001 mine disaster===
At approximately 5:15 p.m. on September 23, 2001, at the Jim Walter Resources No. 5 [coal mine](/source/mining) in [Brookwood](/source/Brookwood%2C_Alabama), 40 miles southwest of Birmingham, a cave-in caused a release of methane gas that sparked two major explosions, killing thirteen miners.[{{Cite web |url=http://www.usmra.com/jimwalter.htm |title=Death Underground |archive-url=https://web.archive.org/web/20141011200401/http://www.usmra.com/jimwalter.htm |archive-date=2014-10-11 |url-status=dead}}]
==References==
{{Reflist}}
==External links==
*[http://www.walterenergy.com Walter Energy's Website]
Category:Companies formerly listed on the New York Stock Exchange
Category:Coal companies of the United States
Category:Companies based in Birmingham, Alabama
Category:Companies that filed for Chapter 11 bankruptcy in 2015
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Adapted from the Wikipedia article [Walter Energy](https://en.wikipedia.org/wiki/Walter_Energy) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Walter_Energy?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.