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February 09, 2016 11:09 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Patriot Coal Corporation

Company Overview

Patriot Coal Corporation is engaged in the mining, preparation, and sale of thermal and metallurgical coal with coal reserves in the Appalachia and the Illinois Basin coal regions in the eastern United States. The company sells its thermal coal primarily to electricity generators and industrial users; and metallurgical coal to steel mills and independent coke producers. As of December 31, 2013, its operations consisted of 10 active mining complexes. The company controls approximately 1.8 billion tons of proven and probable coal reserves, including metallurgical coal and medium and high-Btu thermal coal, with low, medium, and high sulfur content. Patriot Coal Corporation is headquartered in S...

63 Corporate Centre Drive

PO Box 1001

Scott Depot, WV 25560

United States

4,000 Employees

Key Executives for Patriot Coal Corporation

Chief Executive Officer and President
Age: 52
Chief Operating Officer and Executive Vice President
Age: 44
Senior Vice President of Law & Administration and General Counsel
Age: 53
Senior Vice President of West Virginia Northern Region Operations
Senior Vice President of West Virginia Southern Region Operations
Compensation as of Fiscal Year 2015.

Patriot Coal Corporation Key Developments

Patriot Coal Plans to Lay Off More Than 2,000 Employees at its Operations in West Virginia

Patriot Coal expects to lay off more than 2,000 employees at its operations in West Virginia. The company issued layoff warning notices in Boone and Kanawha counties.

Patriot Coal Plans To Sell Assets

Patriot Coal Corporation says it expects the sale of its assets to result in the layoffs of more than 2,000 workers at its West Virginia operations. "The loss of jobs total 1,056 . This news is very disheartening for the mining communities in West Virginia," County Commission President Kent Carper said.

Patriot Coal In Talks With Potential New Bidder

Patriot Coal Corporation is still in negotiations with a potential new bidder to compete with Blackhawk. The potential new deal would be paid in cash, providing creditors with a payout, as opposed to Blackhawk’s offer, which would shift liabilities to the combined new company.

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Recent Private Companies Transactions

August 17, 2015
Patriot Coal Corporation, Substantially All Assets
May 26, 2015
Patriot Coal Corporation, Assets
May 12, 2015

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