NEW YORK ( The Deal) -- Coal miner Walter Energy (WLT - Get Report) revealed in a conference call Thursday, Aug. 1, that it would look to generate $250 million from asset sales and joint venture opportunities in the next nine months, as low metallurgical coal prices continue to weigh on its earnings.News of the asset sales coincided with the Birmingham, Ala.-based company's second quarter earnings, where the company reported a loss of $34.5 million for the quarter ended June 30, compared with earnings of $31.9 million in the same period in 2012. Revenue dropped 35% to $441.5 million.
The Deal: Walter Energy Weighs Asset Sales as Coal Revenues Decline
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