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Patriot Coal (PCX) -6.6% premarket after saying it will cut production of metallurgical coal...
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Friday, January 13, 2012, 9:06 AM ETPatriot Coal (PCX) -6.6% premarket after saying it will cut production of metallurgical coal used to make steel due to weakening demand. PCX will idle some mines at its southern West Virginia operations, but did not say if it would lay off any workers. More details will be provided when it releases Q4 results on Jan. 31.
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