Coal news and updates

Patriot Coal Corporation (OTC Pink: PATCA) today announced that it will idle the Highland Mine located near Henderson, Kentucky, and the Dodge Hill Mining Complex located near Sturgis, Kentucky effective December 29, 2014.  The Heritage preparation plant and the barge loading terminal on the Ohio River are expected to continue processing and shipping coal from onsite stockpiles.

 

A decision regarding future coal production at these complexes will be made in conjunction with the Company's ongoing review of strategic options.

 

About Patriot Coal 

Patriot Coal Corporation is a producer and marketer of coal in the eastern United States, with 10 active mining complexes in Appalachia and the Illinois Basin.  Patriot ships to domestic and international electricity generators, industrial users and metallurgical coal customers, and controls approximately 1.8 billion tons of proven and probable coal reserves.

 

Forward-Looking Statements

Certain statements in this press release are forward-looking.  These statements involve certain risks and uncertainties that may be beyond the Company's control and may cause actual future results to differ materially from current expectations.  Factors that could affect the Company's results include, but are not limited to factors detailed from time to time in the Company's reports and other information posted on its website or included in a press release.  The Company undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date of this press release or to reflect the occurrence of unanticipated events. 

 

Source: Patriot Coal Corporation