MARKET MOVERS
St. Louis-based Patriot Coal fell after the company said third-quarter production will be reduced by 450,000 tons and costs will be higher than previously forecast. Patriot’s operations were affected when it closed a mine in West Virginia after a roof collapse caused by an earthquake on Aug. 23. Costs-per-ton for the company’s Appalachian operations will be higher than previous forecasts, the company said.
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