Patriot Coal cuts jobs, output as losses mount

May 08, 2012 | 01:54 PM | Lisa Gordon

Tags  Patriot Coal, Mark Schroeder, Richard Whiting, thermal coal, metallurgical coal, Kanawha Eagle, Met Build-Out, Lisa Gordon

PITTSBURGH — Patriot Coal Corp. has curtailed jobs and its production schedule in an effort to mitigate its recent string of losses.

The St. Louis-based miner posted a net loss of $75.3 million for the first quarter ended March 31, widening from a $15.9 million net loss in the same period a year earlier, on revenue that fell 12.9 percent to $502.6 million from $577 million. ....





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