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Patriot Coal Will Stop Large-Scale Mountaintop Removal Mining
Nov. 16, 2012 08:48AM PST
Industrial MetalsMSNBC reported that Patriot Coal has announced that they will phase out and eventually stop all large-scale mountaintop removal mining in the central Appalachia region, as part of an agreement reached with environmental groups.
MSNBC reported that Patriot Coal has announced that they will phase out and eventually stop all large-scale mountaintop removal mining in the central Appalachia region, as part of an agreement reached with environmental groups.
As quoted in the market report:
St. Louis-based Patriot said the proposed agreement allows it to postpone as much as $27 million in expenses into 2014 and beyond, improving its liquidity and the likelihood it can successfully emerge from Chapter 11 protection as a viable business.