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.

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