Warrior Met Coal, Inc. (NYSE: HCC) (“Warrior” or the “Company”)
today announced the recent publication of its 2023 sustainability
report, now available on the Company’s website at
www.warriormetcoal.com/sustainability. The report details Warrior’s
commitment to sustainability principles.
The report’s highlights include that Warrior:
- Maintained a total incidence rate 52% lower than the national
average for underground coal mines (as of September 30, 2023);
- Achieved a 13% reduction in total Scope 1 and Scope 2
emissions, as well as a 16% reduction in methane emissions as
compared to the 2021 baseline;
- Completed our state-of-the-art dry slurry system two years
ahead of schedule;
- Increased training opportunities for our employees;
- Adopted the Warrior Met Coal Policy on Board Diversity,
demonstrating our commitment to diversity from the top down;
and
- Donated over $1 Million to charitable organizations.
“At Warrior we are fully committed to being a responsible
corporate citizen to our employees, customers, communities, and
other stakeholders,” said Walt Scheller, Chief Executive Officer.
“Operating as one of the world’s largest producers of premium
quality steelmaking coal, we understand our responsibility to
produce our products in a sustainable manner. We believe that our
long-term success hinges on a trio of commitments: unwavering
dedication to safety, proactive environmental stewardship, and a
continuous investment in our employees and local communities.”
About Warrior
Warrior is a U.S.-based, environmentally, and socially minded
supplier to the global steel industry. It is dedicated entirely to
mining non-thermal steelmaking coal used as a critical component of
steel production by metal manufacturers in Europe, South America,
and Asia. Warrior is a large-scale, low-cost producer and exporter
of premium steelmaking coal, also known as hard-coking coal (HCC),
operating highly efficient longwall operations in its underground
mines based in Alabama. The HCC that Warrior produces from the Blue
Creek coal seam contains very low sulfur and has strong coking
properties. The premium nature of Warrior’s HCC makes it ideally
suited as a base feed coal for steel makers. For more information,
please visit www.warriormetcoal.com.
Forward-Looking Statements
This press release contains, and the officers and
representatives of Warrior Met Coal, Inc. (the “Company”) may from
time to time make, forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements, other than statements of historical facts, included in
this report that address activities, events or developments that
the Company expects, believes or anticipates will or may occur in
the future, including our sustainability objectives, commitments,
plans, targets, goals and strategies, are forward-looking
statements and are based on current market conditions and are
therefore subject to change, due to many factors. No
representations or warranties are made by us as to the accuracy of
any such forward-looking statements. Accordingly, investors should
not place undue reliance on forward-looking statements as a
prediction of actual results. The forward-looking statements may
include projections and estimates concerning the timing and success
of specific short term and long-term emission reduction targets,
the role of specific technologies in reducing carbon emissions, and
the Company’s role in contributing to global social and
environmental goals. The inclusion of this information should not
be regarded as an indication that we consider it to be necessarily
predictive of actual future results. The words “believe,” “expect,”
“anticipate,” “approximately,” “plan,” “intend,” “estimate,”
“project,” “strive,” “work to,” “target(s),” “goal(s),” “foresee,”
“future,” “should,” “would,” “could,” “may,” “potential,”
“outlook,” “guidance” or other similar expressions are intended to
identify forward-looking statements. However, the absence of these
words does not mean that the statements are not forward-looking.
Forward-looking statements in this press release include, but are
not limited to, statements relating to our sustainability strategy
and our short-term and long-term sustainability targets and goals,
and represent management’s good faith expectations, projections,
guidance, or beliefs concerning future events affecting us and are
subject to uncertainties and factors relating to our operations and
business environment, all of which are difficult to predict and
many of which are beyond our control, that could cause our actual
results to differ materially from those matters expressed in or
implied by these forward-looking statements. It is possible that
the goals, targets, and results described in the report will not be
achieved. These forward-looking statements are subject to risks,
uncertainties and other factors, many of which are outside of the
Company’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking
statements, including, without limitation, unexpected delays,
difficulties, and expenses in executing against the objectives,
targets, and commitments set forth in this press release;
unexpected cost increases or technical difficulties in
constructing, developing, maintaining or modifying sites,
technologies, or processes; technological innovations; fluctuations
or changes in the pricing or demand for the Company’s coal (or
steelmaking coal generally) by the global steel industry; the
impact of global pandemics, such as the novel coronavirus
(“COVID-19”) pandemic, on our business, employees, suppliers, and
customers, including the risk of a decline in demand for the
Company’s steelmaking coal due to the impact of any such global
pandemic on steel manufacturers or on global economic markets; the
inability of the Company to effectively operate its mines and the
resulting decrease in production; the inability of the Company to
ship its products to customers in the case of a partial or complete
shut-down of the Port of Mobile; delays in the Port of Mobile
expansion being undertaken by State of Alabama; federal and state
tax legislation; changes in interpretation or assumptions and/or
updated regulatory guidance regarding the Tax Cuts and Jobs Act of
2017; legislation and regulations relating to the Clean Air Act and
other environmental initiatives; regulatory requirements associated
with federal, state and local regulatory agencies, and such
agencies’ authority to order temporary or permanent closure of the
Company’s mines; operational, logistical, geological, permit,
license, labor (including strikes and slowdowns) and
weather-related factors, including equipment, permitting, site
access, operational risks and new technologies related to mining;
the timing and impact of planned longwall moves; the Company’s
obligations surrounding reclamation and mine closure; inaccuracies
in the Company’s estimates of its steelmaking coal reserves; the
Company’s ability to develop Blue Creek, any projections or
estimates regarding Blue Creek, including the expected returns from
this project, if any, and the ability of Blue Creek to enhance the
Company’s portfolio of assets, the Company’s ability to develop or
acquire steelmaking coal reserves in an economically feasible
manner; significant cost increases and fluctuations, and delay in
the delivery of raw materials, mining equipment and purchased
components; fluctuations in the amount of cash the Company
generates from operations; integration of businesses that the
Company may acquire in the future; adequate liquidity and the cost,
availability and access to capital and financial markets; failure
to obtain or renew surety bonds on acceptable terms, which could
affect the Company’s ability to secure reclamation and coal lease
obligations; costs associated with litigation, including claims not
yet asserted; and other factors described in the Company’s filings
with the U.S. Securities and Exchange Commission (“SEC”), including
its Form 10-K for the year ended December 31, 2022 and other
reports filed from time to time with the SEC, which could cause the
Company’s actual results to differ materially from those contained
in any forward-looking statement. The Company’s filings with the
SEC are available on its website at www.warriormetcoal.com and on
the SEC’s website at www.sec.gov. Any forward-looking statement
speaks only as of the date on which it is made, and, except as
required by law, the Company does not undertake any obligation to
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise. New factors emerge
from time to time, and it is not possible for the Company to
predict all such factors. In this report, we refer to direct
operating greenhouse gas emissions (inclusive of scope 1 and scope
2 emissions). We note that direct operating greenhouse gas
emissions does not refer to our carbon emissions associated with
the use of energy products we sell (referred to as scope 3
emissions). Warrior only controls its direct operating emissions.
This statement is not intended to suggest that Warrior is
addressing the emissions from use of its energy products in its
emissions reduction plan. When considering forward-looking
statements made by us in this press release or elsewhere, such
statements speak only as of the date on which we make them. New
risks and uncertainties arise from time to time, and it is
impossible for us to predict these events or how they may affect
us. We have no duty to, and do not intend to, update or revise the
forward-looking statements in this press release or our Corporate
Responsibility Report after the date of the Corporate
Responsibility Report, except as may be required by law. In light
of these risks and uncertainties, you should keep in mind that any
forward-looking statement made in this press release or elsewhere
might not occur. In addition, many of the standards and performance
metrics used and referred to in this press release continue to
evolve and are based on management expectations and assumptions
believed to be reasonable at the time of preparation but should not
be considered guarantees. The standards and performance metrics
used, and the expectations and assumptions they are based on, have
not, unless otherwise expressly specified, been verified by any
third party.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206436839/en/
Analysts and Investors, contact: Dale W. Boyles, (205) 554-6129
News Media, contact: D’Andre Wright, (205) 554-6131
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