The Times West Virginian

Local News

July 7, 2013

Negotiations with UMW continue during Patriot’s bankruptcy process

FAIRMONT — As Patriot Coal Corp.’s bankruptcy process moves forward, negotiations continue between company and United Mine Workers of America representatives.

Patriot went public through a spin-off from Peabody Energy in October 2007, and is traded on the New York Stock Exchange. In July 2008, the corporation acquired Magnum Coal Co., which formerly gained assets and liabilities from Arch Coal.

Patriot Coal, headquartered in St. Louis, Mo., is one of the country’s main coal producers and marketers. Its operations and coal reserves are located in the central and northern parts of the Appalachian Basin and in the Illinois Basin. The company primarily works to mine and prepare metallurgical coal and thermal coal, otherwise called steam coal, and supply those coal products to customers in the country and around the world.

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