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Last $16.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:30 PM 12/11/14 All times are local (Market data is delayed by at least 15 minutes).

patriot coal corp - a (PATAQ) Snapshot

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patriot coal corp - a (PATAQ) Details

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 Scott Depot, West Virginia. On May 12, 2015, Patriot Coal Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia.

4,000 Employees
Last Reported Date: 03/31/14

patriot coal corp - a (PATAQ) Top Compensated Officers

Chief Executive Officer and President
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Senior Vice President of West Virginia Northe...
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Compensation as of Fiscal Year 2015.

patriot coal corp - a (PATAQ) Key Developments

Patriot Coal Issues Layoff Notices to Employees

Patriot Coal sent notices of potential layoffs to employees, in advance of a potential sale. The total number of employees who the Worker Adjustment and Retraining Notification, or WARN, notices wasn't known. Layoffs included 500 jobs at Remington Coal in Cabin Creek, 252 jobs at Toms Fork Road in Eskdale, 164 jobs at Midland Trail Energy in Charleston, 118 jobs at Remington in Eskdale and 47 jobs at Wildcat Energy in Wharton.

Patriot Coal Considering Multiple Alternatives

Patriot Coal Corporation (OTCPK:PATC.A) is considering strategic alternatives to maximize value for assets. Patriot Coal has filed for bankruptcy in Chapter 22.

Patriot Coal Corporation Promotes Michael D. Day to Executive Vice President & Chief Operating Officer

Patriot Coal Corporation announced that Michael D. Day has been promoted to the new position of Executive Vice President & Chief Operating Officer. He will report to Robert W. Bennett, President & Chief Executive Officer. Previously, Mr. Day served as Executive Vice President, Operations at Patriot. In his expanded position, Mr. Day will have a greater role in corporate business planning and decision making. He will retain his current oversight responsibility for all of Patriot's operations, as well as the safety, engineering, purchasing and maintenance roles. Prior to joining Patriot he held a variety of management positions at Magnum Coal Company, Arch Coal and James River Coal Company.


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