Page 3 - Walt Scheller News Today

Warrior Met Coal, Inc. announced today that it is relaunching the development of its Blue Creek reserves into a new, world-class longwall mine located in Alabama near its existing mines. Once completed, this transformational growth investment will reinforce Warrior's position as the premier U.S. pure-play producer of premium metallurgical ("met") coal products that are sought by customers throughout the global steel industry.

Braxton Wright, of United Mine Workers of America Local Union 2368, told Senator Bernie Sanders that Warrior Met Coal has refused to pay its employees.

As the strike against Warrior Met Coal approaches its ninth month, the union is questioning whether criminal laws are being fairly enforced.

Coal miners carry Alabama strike to Wall Street Coal miners on strike in Brookwood, Ala., are staying stalwart midway through their fourth month on the picket line — 24 hours a day, seven days a week — continuing a 100-year-old tradition of labor resistance in central Alabama. The miners of United Mine Workers Local 2245 say big hedge funds that provide financial backing to Warrior Met are blocking progress toward a fair contract. The coal company is “the leading dedicated U.S.-based pro...

Advertisement Warrior Met Coal, Inc. has recently announced its results for 1Q21. Warrior is a leading dedicated US based producer and exporter of high quality metallurgical coal for the global steel industry. Warrior reported a net loss for 1Q21 of US$21.4 million, or US$0.42 per diluted share, compared to net income of US$21.5 million, or US$0.42 per diluted share, in 1Q20. Adjusted net income per share for 1Q21 was US$0.08 per diluted share compared to adjusted net income per share of US$0.3...

Reply Obamas New Proposed Regulations On Coal Energy Production Met With Ire Through Kentuckys Coal Country (Getty Images) BROOKWOOD, AL — net loss of $33.7 million in the fourth quarter of 2020, along with a noticeable dip in production for the full year, but cited its cash flow position in expressing optimism for the future. The hit taken by the company in Q4 is compared to a net income of $20.8 million during the same time period in 2019, with company leadership pointing primarily to t...

Operator Good afternoon. My name is [Lyshname], and Ill be your conference operator today. At this time, I would like to welcome everyone to the Warrior Met Coal Fourth Quarter and Full Year 2020 Financial Results conference call. (Operator Instructions.] Before we begin, I have been asked to note that todays discussion may contain forward-looking statements, and actual results may differ materially from those discussed. For more information regarding forward-looking statements, please refer to...