Wednesday, November 24, 2010
Patriot Production Expected To Boom
WEST VIRGINIA....
At an investor conference Tuesday in New York, Patriot Coal Corp.'s chief executive Richard M. Whiting said production at the Black Oak mine in Boone County, which began in September, should hit an annual rate of 500,000 tons of coal by mid-2011. The company was aiming to replace metallurgical grade coal lost when its Harris No. 1 mine closed in June. Officials say Black Oak will help Patriot take advantage of the booming demand for metallurgical coal from Asian steelmakers. Patriot has produced 6.1 million tons through the first three quarters of the year and plans to produce 8 million tons of metallurgical coal next year. St. Louis-based Patriot operates mines in West Virginia and Kentucky.
At an investor conference Tuesday in New York, Patriot Coal Corp.'s chief executive Richard M. Whiting said production at the Black Oak mine in Boone County, which began in September, should hit an annual rate of 500,000 tons of coal by mid-2011. The company was aiming to replace metallurgical grade coal lost when its Harris No. 1 mine closed in June. Officials say Black Oak will help Patriot take advantage of the booming demand for metallurgical coal from Asian steelmakers. Patriot has produced 6.1 million tons through the first three quarters of the year and plans to produce 8 million tons of metallurgical coal next year. St. Louis-based Patriot operates mines in West Virginia and Kentucky.
# posted by Homer Owens @ 10:49 PM 
