Walter Energy Reaffirms 2012 Production Targets

Walter Energy, Inc. (NYSE:WLT,TSX:WLT) announced an update to first quarter and full-year performance outlooks.

As quoted in the press release:

Walter Energy expects met coal production in the range of 2.8 million to 2.9 million metric tons (MMTs) for the first quarter of 2012, up 16% to 21% from 2.4 million MMTs in the fourth quarter of 2011.

Walter Energy’s CEO, Walt Scheller said:

We remain confident that production will be within the guidance provided for 2012, and we continue to take steps to optimize production at our highest-margin mines to help offset weakening global metallurgical coal prices.

Click here for the  Walter Energy, Inc. (NYSE:WLT) press release.