Patriot Coal Corporation
Encyclopedia
Patriot Coal Corporation is a coal-mining company based in St. Louis, Missouri
. The company is a spin-off of most of the Eastern U.S.A. operations of Peabody Energy
.
Patriot is one of the largest coal miners east of the Mississippi River
. The company's operations are made up of 16 mining complexes. Thirteen of these complexes are located in West Virginia
and three are located in Kentucky
. In 2007, Patriot sold 22.1 million tons of coal
. The company controls 1.9 billion tons of proven and probable coal reserves. Patriot is the largest producer of thermal coal in the Eastern United States. It is also a leading producer of metallurgical coal. Approximately 80% of its coal is sold to domestic utilities and 20% is sold to domestic and international steel producers.
Patriot Coal's stock started trading on the New York Stock Exchange under the symbol PCX on November 1, 2007.
On July 23, 2008, Patriot acquired Magnum Coal Company. At the time, Magnum was one of the largest coal producers in Appalachia, with 11 mines mines and 7 processing plants. Magnum had over 600 million tons of proven or probable coal reserves.
and the Illinois Basin, Patriot Coal's production and marketing of coal in the eastern United States
is surpassed only by Peabody Energy (Parent) and Cliffs Natural Resources.
Missouri
Missouri is a US state located in the Midwestern United States, bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. With a 2010 population of 5,988,927, Missouri is the 18th most populous state in the nation and the fifth most populous in the Midwest. It...
. The company is a spin-off of most of the Eastern U.S.A. operations of Peabody Energy
Peabody Energy
Peabody Energy Corporation , previously Peabody Coal Company, is the largest private-sector coal company in the world. The company is headquartered in Downtown St. Louis, Missouri....
.
Patriot is one of the largest coal miners east of the Mississippi River
Mississippi River
The Mississippi River is the largest river system in North America. Flowing entirely in the United States, this river rises in western Minnesota and meanders slowly southwards for to the Mississippi River Delta at the Gulf of Mexico. With its many tributaries, the Mississippi's watershed drains...
. The company's operations are made up of 16 mining complexes. Thirteen of these complexes are located in West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
and three are located in Kentucky
Kentucky
The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...
. In 2007, Patriot sold 22.1 million tons of coal
Coal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
. The company controls 1.9 billion tons of proven and probable coal reserves. Patriot is the largest producer of thermal coal in the Eastern United States. It is also a leading producer of metallurgical coal. Approximately 80% of its coal is sold to domestic utilities and 20% is sold to domestic and international steel producers.
Patriot Coal's stock started trading on the New York Stock Exchange under the symbol PCX on November 1, 2007.
On July 23, 2008, Patriot acquired Magnum Coal Company. At the time, Magnum was one of the largest coal producers in Appalachia, with 11 mines mines and 7 processing plants. Magnum had over 600 million tons of proven or probable coal reserves.
Operations
Through its 14 mining complexes in AppalachiaAppalachia
Appalachia is a term used to describe a cultural region in the eastern United States that stretches from the Southern Tier of New York state to northern Alabama, Mississippi, and Georgia. While the Appalachian Mountains stretch from Belle Isle in Canada to Cheaha Mountain in the U.S...
and the Illinois Basin, Patriot Coal's production and marketing of coal in the eastern United States
East Coast of the United States
The East Coast of the United States, also known as the Eastern Seaboard, refers to the easternmost coastal states in the United States, which touch the Atlantic Ocean and stretch up to Canada. The term includes the U.S...
is surpassed only by Peabody Energy (Parent) and Cliffs Natural Resources.