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Patriot Coal Announces Permanent Closure in Recently Idled Mines

WESTERN KY (12/31/2014) - Recently, KenCo News reported on Patriot Coal pronouncing two local mines as Idled. Now, on Wednesday, Dec. 31, 2014, both of these mines have been officially closed.

In a press release issued today, Patriot Coal announced that it will permanently close the Highland Mine located near Henderson, Kentucky, and the Dodge Hill Mining Complex located near Sturgis, Kentucky, effective December 31, 2014. The Heritage preparation plant and barge loading terminal on the Ohio River will continue processing and shipping coal until inventories are depleted.

Patriot Coal stats that as part of Patriot's review of strategic options, the Company is selling certain assets in the west Kentucky region, along with certain coal supply agreements, to affiliates of Alliance Resource Partners, L.P., and certain coal reserves also in the west Kentucky region to a related party of Alliance Resource Partners, L.P.

The Company is engaged in separate talks to sell the closed Highland mine and Heritage facilities to other parties and expects to conclude such transactions in the first half of 2015.

Information provided by Patriot Coal
J.L. Graham
KenCo News
www.kycountynews.com