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Massey to boost production at other mines to make up for downtime at W.Va. mine

Massey Energy said it will boost production at its other mines to make up for the downtime at the Upper Big Branch-South mine in West Virginia where 25 miners were killed in an explosion Monday and four are still missing.

In a regulatory filing today, Massey said before the accident that it expected the Upper Big Branch mine to produce 1.6 million tons of coal this year, up slightly from its 2009 production of 1.2 million tons. It values the coal at $91 per ton.

Massey will transfer most of the mine's idled employees to other mines but that will not make up for the production shortfall.

"Even with the mitigation efforts, we do not believe we can replace 100 percent of the planned [Upper Big Branch] production for 2010," the company said in its SEC filing.

The company also fought back against its critics in the filing.

"Media reports suggesting that the [Upper Big Branch] tragedy was the result of a willful disregard for safety regulations are completely unfounded," the company wrote. "Our lost-time incident rate has been better than the industry average for 17 of the past 19 years, improving significantly in recent years."

Massey wrote in the filing that it expects to reopen the mine and recover the expensive equipment trapped underground but could not say when.

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By Frank Ahrens  |  April 9, 2010; 11:20 AM ET
Categories:  Corporations , The Ticker  
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Comments

Massey Energy your crimes are well documented so don’t think you can lie your way out of the mass murder (or should we call it involuntary manslaughter). Either way; these miners are dead and thousands of others are at dire risk because of your refusal to insure a safe working environment when you had adequate resources to do so.

Massey Energy Company CEO Blankenship is a Murderer who should go to Jail for his negligent actions that are responsible for the deaths of these 25 miners and many others. Instead of correcting safety violations he chooses to contest them. He spends Millions electing Judges and Politicians that will allow him to keep killing miners, and poisoning the water and land of communities around Coal mines. How many people must continue to die, to have their children poisoned and their lungs blackened so that Blankenship can earn a few million? Is the almighty dollar stronger than the lives of the people? Are lying, cheating, negligence and corruption to be constantly rewarded at the expense of other people lives? At least a Union would have insured safer working conditions.

Posted by: liveride | April 9, 2010 5:03 PM | Report abuse

"Electric power company FirstEnergy Corp. said Wednesday it plans to spend $200 million to convert two units at an eastern Ohio power plant to burn renewable biomass like wood chips and crops grown as fuel."
http://www.pittsburghlive.com/x/pittsburghtrib/business/s_618881.html
No shortage of dead wood. Use mountains to grow trees instead of blasting them apart. I chopped up a good bit today.

Posted by: tossnokia | April 9, 2010 9:10 PM | Report abuse

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