Foreign Coal Demand Provides Boost for Coal Industry
Paragon Report released research on Arch Coal Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
Paragon Report released research on Arch Coal Inc. (NYSE:ACI), Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
Paragon Report released research on James River Coal Company (NASDAQ:JRCC) and Patriot Coal Corporation (NYSE:PCX) and the outlook for the coal industry.
The Street reported that shares of Patriot Coal (NYSE:PCX) rallied as the company said it was in talks to secure financing.
Reuters reported that Patriot Coal's (NYSE:PCX) share price fell on uncertainty about the company's financial liquidity.
Reuters reported that Patriot Coal (NYSE:PCX) is anticipating lower 2012 coal sales due to an increase in natural gas use.
Record low gas prices are pushing coal out of the US energy mix, resulting in rising US thermal exports and falling global prices.
Mining Weekly reported that shares of Patriot Coal (NYSE:PCX) fell 6% following the announcement it would idle a Kentucky mine.
Patriot Coal Corporation (NYSE:PCX) announced that slower demand has forced the company to reduce its thermal coal production further.
Reuters reported that Patriot Coal (NYSE:PCX) will idle another mine as consumers switch to natural gas energy.
Platts reported that Patriot Coal (NYSE:PCX) settled its dispute with environmental groups for $7.5 million.
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