Tuesday, October 19, 2010
Massey Board of Directors Considering Options
WEST VIRGINIA....
Massey Energy's Board of Directors is considering a number of options, including selling to another coal company or private-equity firm or the purchase of another company. The committee might also recommend that Massey remains private. Massey announced Tuesday it will idle production at its 92 underground mines on October 29th to discuss safety with its employees. Chairman and CEO Don Blankenship says idling the underground mines for a day will reinforce that Massey expects miners to follow the law and that safety comes first. Blankenship says, despite considerable training, there have been recent instances where miners were not doing the right thing as they had been trained to do.
# posted by Homer Owens @ 11:59 AM 
