Friday, October 02, 2009
Massey Acquires Bankrupt Kentucky Mining Company
Coal producing giant Massey Energy has announced it has acquired 23 million tons of coal reserves and several mines from bankrupt Ashland, Kentucky -based Applachian Fuels. Although the terms were not disclosed, Massey says the deal covers reserves and mines in Fayette County, and Massey expects to resume mining some of the metallurgical coal within a few months.
# posted by Homer Owens @ 10:13 AM 
