SOURCE: Walter Energy

Walter Energy

November 24, 2009 12:19 ET

Jim Walter Resources Reports Employee Death at Its No. 7 Mine

TAMPA, FL--(Marketwire - November 24, 2009) - Walter Energy (NYSE: WLT) reported the death of an employee today at Jim Walter Resources No. 7 Mine. The name of the deceased is being withheld pending family notification.

Late Monday evening, two Jim Walter Resources employees were conducting a routine inspection of a non-production area of Mine No. 7 when they missed a scheduled check-in point. Mine managers dispatched additional personnel to the inspection area to investigate.

When the miners were located, one was found to be responsive and the other unresponsive. The responsive miner has been safely evacuated. During the evacuation, several members of the evacuation team began exhibiting signs of heat stress and were taken to the hospital as precaution.

"My deepest sympathies and the sympathies of the entire Walter Energy family go out to the family of the deceased," said George R. Richmond, president and chief operating officer of Walter Energy. "We will order a full investigation as to the cause of today's incident."

Production at the No. 7 Mine has been idled and the Company expects the mine to be idle for at least 24 hours.

About Walter Energy

Walter Energy is a leading U.S. producer and exporter of premium coking coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas. The Company has revenues of approximately $1.2 billion and employs approximately 2,150 people. For more information about Walter Energy, please visit the Company website at