"The Mobile River Terminal is of significant strategic importance to Walter Energy," said Interim Chief Executive Officer Joe Leonard. "This acquisition will help ensure that we will have unconstrained shipping capacity to support our long-term coking coal production plans in Alabama. In addition, this facility should help maintain low mine-to-port costs and make us less reliant on third parties."

The facility is located at the Port of Mobile, less than four miles from the McDuffie Terminal where Walter Energy currently ships all of its export coal to customers in South America and Europe. The Company's mines are strategically located, allowing Walter Energy to transport coal to Mobile by either rail or barge.