Patriot Coal, the third largest coal company in the eastern United States and a company on whose mine site one of the ARRI/ACCWT tree plantings was held, is closing a mine at the border of Raleigh, Boone and Kanawha Counties, WV, and laying off 314 miners.
This is the latest in a series of reported layoffs over the past three weeks by various coal companies. The layoffs are prompted by low coal prices caused by coal surpluses in China and a dirth of steel production resulting from the near collapse of the auto industry and cutbacks in new construction.
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