03:50 PM EST - Walter Energy, Inc. : will begin idling its Canadian operations, including the Wolverine and Brazion coal mines in British Columbia, in April. The company will place its Wolverine mine (located near the district municipality of Tumbler Ridge) on idle status effective immediately. Brazion (which includes the operations of Brule and Willow Creek and is located near the district municipality of Chetwynd) will continue to operate the Brule mine but expects to idle the mine by July. The company will continue to operate its preparation plants at these mines to complete processing of coal that already has been mined and is in inventory. Walter Energy, Inc.
shares T.WLT are trading up $0.38 at $8.90.
