Patriot Coal Responds to Weaker Metallurgical Coal Demand
Patriot Coal Corporation (NYSE:PCX) announced plans to decrease metallurgical coal production.
Patriot Coal Corporation (NYSE:PCX) announced plans to decrease metallurgical coal production.
As quoted in the press release:
The Company will idle one contractor-operated mine and two subsidiary-operated production units in the Rocklick complex. Two contractor-operated mines in the Wells complex will also be idled.
Patriot Coal’s President and CEO, Richard M. Whiting said:
These production cuts, in conjunction with other cost-reduction measures being implemented concurrently, are aimed at lowering our mining costs, aligning production with identified sales, and preserving high-quality reserves for a stronger market.
Click here for the Patriot Coal Corporation (NYSE:PCX) press release.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1860.87 | +6.20 | |
| Silver | 22.01 | +0.19 | |
| Copper | 4.21 | +0.02 | |
| Palladium | 2116.50 | +26.50 | |
| Platinum | 962.00 | +7.00 | |
| Oil | 101.23 | -1.86 | |
| Heating Oil | 3.79 | -0.04 | |
| Natural Gas | 7.06 | +0.04 | |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.