公司破产其实就是抢钱，并非是真混不下去# Stock
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Patriot Coal Emerges As Well-Capitalized Private Company With Competitive
Cost Structure
Patriot emerges from Chapter 11 reorganization with a:
Strong balance sheet. The Company has lower debt levels and higher available
liquidity, with dramatically reduced legacy liabilities related to retiree
healthcare and other post-employment benefits.
Competitive cost structure. Patriot has significantly reduced its operating
costs, achieving more than $200 million in estimated annual cash savings.
Industry-leading assets and reserves. The Company has 1.8 billion tons of
coal reserves, state-of-the-art mine complexes in three U.S. coal basins,
and broad transportation optionality.
Solid customer base. Patriot has long-standing relationships with prominent
U.S. and international utility customers, steel producers, and energy
trading companies.
"Having streamlined our operations through the reorganization process,
Patriot is poised to respond quickly to changes in the markets. Utilizing
our existing mine complexes and the Company's large coal reserve base, we
can add incremental production at competitive costs with modest capital
requirements," continued Hatfield. "In short, with the support of our
dedicated employees and new investors, Patriot Coal has a bright future."
Cost Structure
Patriot emerges from Chapter 11 reorganization with a:
Strong balance sheet. The Company has lower debt levels and higher available
liquidity, with dramatically reduced legacy liabilities related to retiree
healthcare and other post-employment benefits.
Competitive cost structure. Patriot has significantly reduced its operating
costs, achieving more than $200 million in estimated annual cash savings.
Industry-leading assets and reserves. The Company has 1.8 billion tons of
coal reserves, state-of-the-art mine complexes in three U.S. coal basins,
and broad transportation optionality.
Solid customer base. Patriot has long-standing relationships with prominent
U.S. and international utility customers, steel producers, and energy
trading companies.
"Having streamlined our operations through the reorganization process,
Patriot is poised to respond quickly to changes in the markets. Utilizing
our existing mine complexes and the Company's large coal reserve base, we
can add incremental production at competitive costs with modest capital
requirements," continued Hatfield. "In short, with the support of our
dedicated employees and new investors, Patriot Coal has a bright future."