This board is for fundamental and technical discussion about Patriot Coal Corporation, PCX.
On July 9, 2012, Patriot Coal Corporation and substantially all of its wholly owned
subsidiaries (collectively "Patriot") filed voluntary petitions for reorganization under
chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the
Southern District of New York. On November 27, 2012, an Order was entered which
transferred the Patriot chapter 11 proceedings to the Bankruptcy Court for the Eastern
District of Missouri. Patriot intends to use the reorganization process to make
necessary changes and ensure the Company's future viability.
Patriot Coal Corporation (Patriot) is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin. It is also a producer of metallurgical quality coal. The Company's operations consist of 10 company-operated mines and numerous contractor-operated mines serviced by eight coal preparation facilities, with one in northern West Virginia, four in southern West Virginia and three in western Kentucky. Patriot ships coal to electric utilities, industrial users and metallurgical coal customers via third-party loading facilities and multiple rail and river transportation routes. During the year ended December 31, 2007, the Company sold 22.1 million tons of coal, of which 77% was sold to domestic electric utilities and 23% was sold to domestic and global steel producers. Effective October 31, 2007, Patriot was spun-off from Peabody Energy Corporation (Peabody).
12312 Olive Boulevard
Suite 400
St. Louis, MO 63141
(314) 542-2109
http://www.patriotcoal.com/
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