SUGAR LAND, TX — (Marketwire) — 07/27/11 — Researched by Industrial Info Resources (Sugar Land, Texas) — As global coal demand continues to increase, (NYSE:PCX) (St. Louis, Missouri) is continuing construction and preparations to increase production at the company–s mines. At a conference call yesterday discussing the company–s second fiscal quarter, Patriot President and CEO Richard Whiting spoke about the company–s expansion of its metallurgical coal mines, known as the “Met Build-Out” project.
Patriot is expecting to export about 25% of its total coal production this year. The company expects this figure to rise to about 30%, or 10 million tons, in 2012.
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