12
May
01:00
Challenging market conditions force Patriot Coal into bankruptcy restructuring
US met coal producer Patriot Coal has again filed for restructuring under chapter 11 bankruptcy protection as it faces challenging market conditions, Kallanish learns. The company is engaged in active negotiations to sell all of its operating assets to a strategic partner.
Patriot says its customer shipments and mining operations will continue to operate during the restructuring process.
The company operates five metallurgical coal complexes and three…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous