Patriot Coal Corporation
NYSE:PCX ISIN:US70336T1043
Patriot Coal Corporation is the third largest producer and marketer of coal in the eastern United States, with 15 active mining complexes in Appalachia and the Illinois Basin. The company ships to domestic and international electric utilities, industrial users and metallurgical coal customers, and controls approximately 1.8 billion tons of proven and probable coal reserves.
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In the midst of the global financial crisis, the US mining industry and the energy resource sector continues to outperform the market and remains as an investment hotspot for many institutional investors from Asia.
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