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Last $16.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
PATCA On Other Exchanges
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 (PATCA) Snapshot

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12/11/14 - $16.00
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patriot coal corp - a (PATCA) 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.

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

patriot coal corp - a (PATCA) Top Compensated Officers

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patriot coal corp - a (PATCA) Key Developments

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.

Patriot Coal Corporation Announces Management Changes

Patriot Coal Corporation announced the resignation of Bennett K. Hatfield as President and Chief Executive Officer. The Board of Directors has appointed Robert W. Bennett, currently Senior Vice President and Chief Marketing Officer, to succeed Mr. Hatfield as President and Chief Executive Officer. Mr. Bennett was named Patriot Coal's Senior Vice President & Chief Marketing Officer in 2009. Mr. Bennett has over 28 years of experience in the coal sales, marketing, and trading arena, including senior-level positions at Patriot Coal, Magnum Coal, Peabody Energy, and AGIP Coal.

Patriot Coal's Paint Creek Complex Temporarily Idles Coal Production

Patriot Coal Corporation announced that its Paint Creek Complex has temporarily idled coal production at both the Samples surface mine and Winchester underground mine effective March 22, 2015. The action was taken in response to high coal inventory levels driven by a combination of the CSX rail service disruption in February and continued weakness in demand for coal. Appalachian thermal coal markets have been particularly hard hit over recent months by the combined impacts of coal-fired plant closures driven by EPA emission regulations, low-cost natural gas, and diminished export opportunities. Processing and shipping of coal to customers from on-site stockpiles will continue throughout the idle period. Coal production is scheduled to resume in approximately three to four weeks. In other actions on March 22, the samples mine downsized the number of production units to reflect the reduced demand for thermal coal. An estimated 35 positions were permanently eliminated.


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