Monday, July 28, 2014

Glut of Coal Assets for Sale


"While Westmoreland Coal Co. is still in the middle of integrating its newly acquired Canadian coal mines purchased from Sherritt International Corp., executives said there is no shortage of companies looking to off-load other coal assets."
Is this why the James River Coal bankruptcy auction keeps being postponed? What results would Walter Energy have if they needed to sell a coal asset?

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