Patriot Coal Idles Thermal Coal Complex

February 2, 2012 2:30 PM |

Patriot Coal Corp. (NYSE: PCX) fell to a fourth quarter loss of 42 cents per share compared with earnings of 8 cents per shares in the year ago period as coal demand weekend. Investors welcomed news that the coal producer will idle its Big Mountain thermal coal complex. The stock price gained 83 cents to close at $8.55. 


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