Patriot Coal

Chris McDaniel, St. Louis Public Radio.

On Monday, the top official with a national miners' union says bankrupt Patriot Coal's bid to cut retiree health care benefits, while seeking millions of dollars for executive bonuses, is immoral.

Patriot Coal spun off from St. Louis-based Peabody in 2007, taking with it an enormous amount of the larger company’s health care obligations. Now that Patriot has declared bankruptcy, the company is looking to cut health care coverage for retired miners.

At a press conference in St. Louis, United Mine Workers of America President Cecil Roberts said Patriot was designed to fail.

(Adam Allington/St. Louis Public Radio)

St. Louis-based Patriot Coal Corp. has asked the U.S. Bankruptcy Court to modify collective bargaining agreements with the United Mine Workers of America, allowing the coal company to cut health care coverage for retired miners.

Patriot was created by St. Louis-Based Peabody Energy Corp., as a stand-alone company in 2007.  In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.

(Adam Allington/St. Louis Public Radio)

Hundreds of miners from across the country protested outside of St. Louis-based Peabody Energy on Tuesday.

The miners are accusing Peabody of orchestrating a bankruptcy in order to skip out on pension and healthcare benefits owed to some 10,000 retirees and their dependents.

At the heart of the dispute is Patriot Coal Corp., which was created by Peabody as a stand-alone company in 2007.  In creating Patriot, Peabody also transferred a hefty chunk of Peabody’s outstanding pension obligations onto Patriot’s books.

(via Flickr/iLoveMountains.org)

Bankrupt Patriot Coal will become the first U.S. operator to stop large-scale mountaintop removal mining in Central Appalachia under a historic agreement with three environmental groups.

The deal was struck Thursday and presented to a federal judge in Huntington, W.Va.  It stems from pollution lawsuits filed by the Sierra Club, Ohio Valley Environmental Coalition and West Virginia Highlands Conservancy.

(via Flickr/Indofunk Satish)

Patriot Coal files for bankruptcy protection

St. Louis-based Patriot Coal has filed for Chapter 11 bankruptcy protection.

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