Monday, February 04, 2008
Massey Anticipates Higher Production Exports
Massey Energy announced last week it's considering additional production increases to meet the growing demand for U. S. exports.
Plans were announced last October to add eight million tons by 2010, but, CEO Don Blankenship says Massey is considering ways to add even more and do it by next year.
He says due to the weak dollar, high shipping rates and bottlenecks in Australia and the eastern United States, exports could hit 90-million tons by 2009.
Plans were announced last October to add eight million tons by 2010, but, CEO Don Blankenship says Massey is considering ways to add even more and do it by next year.
He says due to the weak dollar, high shipping rates and bottlenecks in Australia and the eastern United States, exports could hit 90-million tons by 2009.
# posted by Homer Owens @ 4:06 AM 
