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As of 4:30 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

patriot coal corp - a (PATCA) Snapshot

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08/21/14 - $15.06
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01/29/14 - $11.50
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patriot coal corp - a (PATCA) Details

Patriot Coal Corporation is engaged in the mining, preparation, and sale of thermal and metallurgical coal with coal reserves in the Appalachia and the Illinois Basin coal regions in the eastern United States. The company sells its thermal coal primarily to electricity generators and industrial users; and metallurgical coal to steel mills and independent coke producers. As of December 31, 2013, its operations consisted of 10 active mining complexes. The company controls approximately 1.8 billion tons of proven and probable coal reserves, including metallurgical coal and medium and high-Btu thermal coal, with low, medium, and high sulfur content. Patriot Coal Corporation is based in St. Louis, Missouri.

4,000 Employees
Last Reported Date: 03/31/14

patriot coal corp - a (PATCA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $653.3K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $155.3K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $409.6K
Senior Vice President of Law & Administration...
Total Annual Compensation: $374.9K
Senior Vice President of Global Strategy & Co...
Total Annual Compensation: $540.8K
Compensation as of Fiscal Year 2012.

patriot coal corp - a (PATCA) Key Developments

Patriot Coal to Further Reduce Thermal Coal Production

Patriot Coal Corporation issued WARN Act notices at the Corridor G mining complex located near Danville, West Virginia. The Corridor G complex, which includes the Hobet 21 Mine and Beth Station preparation plant, employs 360 people and produced 2.3 million tons of thermal coal in 2013. Pursuant to the WARN Act, the Company gave 60-day notice of potential layoffs to all employees that could be affected.

Patriot Coal Corp. Lays Off 60 Employees at the Wells Complex and 15 at the Corridor G Complex

Patriot Coal Corp. announced the laid off 60 employees at the Wells complex and 15 at the Corridor G complex, both in West Virginia, pursuant to the Worker Adjustment and Retraining Notification Act, or WARN, notice issued in April 2014. Patriot gave 60-day notices of potential layoffs to 847 employees April 23. Patriot said at the time that mine management at both locations would be evaluating operations and staffing to assess their ability to produce coal at a cost below projected sales prices.

Shareholders Appeal Decision Clearing Patriot Coal Former Management

Plaintiffs in a failed lawsuit against Patriot Coal Corporation management have filed an appeal with the U.S. Court of Appeals for the 8th Circuit. The suit alleges improper accounting for environmental remediation obligations related to selenium cleanup. In a letter dated April 24, the court acknowledged receipt of a notice of appeal from the U.S. District Court for the Eastern District of Missouri, which dismissed the case March 18. The suit, consolidated with several suits filed on behalf of Patriot shareholders, alleges that the defendants, former Patriot CEO Richard Whiting and former CFO Mark Schroeder, made false and misleading statements concerning the court-ordered environmental remediation efforts. The case on appeal is Thomas Podraza versus Richard Whiting (14-1947).


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