Sunday, April 27, 2008
Massey Announces $ 310 Million Expansion Plan.
Massey Energy announced it will spend $ 310 millions on expansion over the next year.
The company plans to reinvest cash from operations to finance the expansion plan. The company says it will see new mines opening at a rate of once every 17 days this year.
Massey says that the plan is aimed at taking advantage of soaring demand and prices for coal.
The company plans to reinvest cash from operations to finance the expansion plan. The company says it will see new mines opening at a rate of once every 17 days this year.
Massey says that the plan is aimed at taking advantage of soaring demand and prices for coal.
# posted by Joe Kinzer @ 7:13 AM 
