SOURCE: Industrial Info Resources

Industrial Info Resources

July 27, 2011 06:15 ET

Increasing Coal Exports Drive Patriot Coal's Metallurgical Coal Mine Expansion, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 27, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As global coal demand continues to increase, Patriot Coal Corporation (NYSE:PCX) (St. Louis, Missouri) is continuing construction and preparations to increase production at the company's mines. At a conference call yesterday discussing the company's second fiscal quarter, Patriot President and CEO Richard Whiting spoke about the company's expansion of its metallurgical coal mines, known as the "Met Build-Out" project.

Patriot is expecting to export about 25% of its total coal production this year. The company expects this figure to rise to about 30%, or 10 million tons, in 2012.

Industrial Info's Mining Tracker provides comprehensive industry intelligence on the Mining Industry worldwide, with an emphasis on plant locations, key management contacts and major capital and maintenance spending opportunities in an easy-to-access online database solution.

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