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INTERNATIONAL COAL NEWS

Western speculation

THERE is speculation that Alabama coal producer Walter Energy aims to sell its 2011-acquired West...

Blair Price

This article is 11 years old. Images might not display.

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The news traces back to a report by Inside Coal, which cited a person “familiar with northeast British Columbia”.

Bloomberg reported that Walter had not responded to its requests for comments.

Walter shares reportedly climbed 5.7% on the news yesterday.

Western Coal operates three metallurgical coal mines in Canada.

Walter’s $US3.2 billion ($A3.5 billion) acquisition of Western Coal was expected to make it the top publicly traded pure-play metallurgical coal producer in the world with access to the Pacific and Atlantic seaborne markets.

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