Friday, July 09, 2010
Massey Energy Buys Marmet Dock
WEST VIRGINIA....
To cut transportation costs, Massey Energy has bought the Marmet Dock on the Kanawha River from Kanawha River Terminals. The acquisition is part of a plan to focus on sales of metallurgical coal to foreign steelmakers. Massey says the dock has state-of-the-art equipment, storage for 300,000 tons of coal and the capability of loading up to 7 million tons annually, while it is also close to several Massey operations in southern West Virginia. Massey says the dock will allow the company to ship more coal via barge than rail and to reach export vessels more efficiently.
# posted by Homer Owens @ 7:47 AM 
