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Last updated on April 18, 2014 at 21:21 EDT

Latest Patriot Coal Corporation Stories

2013-09-18 16:21:31

ST. LOUIS, Sept. 18, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that its mine rescue teams once again achieved outstanding results at the National Mine Rescue Contest sponsored by the U.S. Department of Labor. The competition included 87 teams from across the country. The Company's Western Kentucky team placed second in the mine rescue competition and the bench competition, and third in the combination event. Patriot's Federal team placed third in...

2013-09-13 08:21:28

ST. LOUIS, Sept. 13, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that G. Frank Foster has been inducted into the Coal Mine Rescue Hall of Fame. The induction ceremony took place in Columbus, Ohio during the banquet recognizing the winners of the 2013 biennial national mine rescue competition. The Hall of Fame was established by the Mine Safety and Health Administration to honor individuals with exceptional accomplishments in the field of mine rescue....

2013-09-11 12:21:33

ST. LOUIS, Sept. 11, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that its Debtor-in-Possession financing has been extended to December 31, 2013. Separately, the Company today filed a notice with the U.S. Bankruptcy Court for the Eastern District of Missouri setting forth the relevant dates for approval of its forthcoming Disclosure Statement. The Disclosure Statement is expected to be filed on or before October 2, 2013, and the approval hearing is...

2013-09-10 16:21:35

ST. LOUIS, Sept. 10, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced plans to idle its Logan County complex located near Man, West Virginia, reducing thermal coal production by approximately two million annual tons. Pursuant to the WARN Act, the Company gave 60-day notice today to affected employees. The operations expected to be idled include the Guyan surface mine and the Fanco preparation plant and rail loadout - with a total of approximately 250...

2013-09-06 16:21:03

ST. LOUIS, Sept. 6, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today filed a Plan of Reorganization with the U.S. Bankruptcy Court for the Eastern District of Missouri as contemplated by the terms of Patriot's Debtor-in-Possession financing. The Company anticipates filing its Disclosure Statement with the Bankruptcy Court in the next week, which will contain additional details about the proposed Plan. Note: Background of Patriot's restructuring and transformation can...

2013-08-21 16:22:31

ST. LOUIS, Aug. 21, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today issued the following statement regarding the Bankruptcy Appellate Panel's decision. "We are pleased that the Bankruptcy Appellate Panel has found Peabody Energy Corporation responsible for healthcare benefits it assumed at the time of the spin-off of Patriot. The appellate court adopted the position that Patriot has advocated all along - Peabody should not be permitted to use Patriot's bankruptcy...

2013-08-16 20:20:26

ST. LOUIS, Aug. 16, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) announced today that employees represented by the United Mine Workers of America have ratified 5-year labor agreements. These agreements were reached between Patriot's signatory subsidiaries and the UMWA, as previously announced on August 12. "Ratification of these agreements provides labor stability and ensures cost savings essential to Patriot's plan of reorganization," said Patriot President and...

2013-08-12 12:22:29

ST. LOUIS, Aug. 12, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today announced that its signatory subsidiaries have reached a consensual agreement with the United Mine Workers of America regarding their collective bargaining agreements and the provision of healthcare benefits for UMWA-represented retirees. "This represents the successful conclusion of a difficult negotiation in which both the UMWA leadership and Patriot management have invested many long days. Both...

2013-07-02 16:20:59

ST. LOUIS, July 2, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) today issued the following statement regarding its ongoing discussions with the United Mine Workers of America (UMWA): "Patriot Coal Corporation announced that recent talks with the UMWA have resulted in substantial progress toward a consensual resolution. On July 1, 2013, Patriot exercised the authority granted to it by the Bankruptcy Court to implement changes to wages, benefits and active employee...

2013-06-12 20:21:26

ST. LOUIS, June 12, 2013 /PRNewswire/ -- Patriot Coal Corporation (OTC: PCXCQ) responded today to the press release issued by the United Mine Workers of America (UMWA) concerning negotiations between Patriot and the UMWA. Contrary to the UMWA's assertion, Patriot has not "walked out" of negotiations with the UMWA. In fact, the Company only learned that next week's planned negotiating meetings were cancelled from the UMWA's press release. Patriot continues to be ready to reach a...