Patriot Coal Corp. says that its new labor settlement with its miners' union and retirees will save it about $130 million annually, or $20 million less than the mining company had previously targeted, Dow Jones Daily Bankruptcy Review reported today. Patriot disclosed the cost-savings projections, along with new details on the labor terms, in its request for the U.S. Bankruptcy Court in St. Louis to approve the settlement it reached on Monday with the United Mine Workers of America.
