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Reuters reported that shares of Patriot Coal (NYSE:PCX) are up on news it has secured a multi-year coal contract at higher prices.
Reuters reported that shares of Patriot Coal (NYSE:PCX) are up on news it has secured a multi-year coal contract at higher prices.
The market news is quoted as saying:
Patriot said it will sell 3 million tons of steel-making or metallurgical (met) coal at $173 per ton in 2011 and 2012. It had previously contracted over 2 million tons of met coal for about $135 per ton.
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