Massey Energy Reactivates West Virginia Operations
JULIAN, W.Va., May 6 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE: MEE) provided the following statement regarding reactivated surface mine operations in Logan and Mingo Counties, WV.
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These surface mine operations consist of approximately 4.4 million tons of steam coal and are expected to employ approximately 270 workers. These operations will primarily utilize existing equipment, requiring minimal capital expenditures.
Camp Branch surface mine in Logan County, WV was reactivated in April 2010. This steam coal operation consists of approximately 2.4 million surface and 95,000 highwall miner tons and is expected to be mined over the next 2.5 years. The operation is expected to employ over 90 workers.
Sandy Gap surface mine at our North Surface Operation in Logan and Mingo Counties, WV is expected to begin operation in June 2010. This steam coal operation consists of approximately 400,000 surface and 240,000 highwall miner tons and is expected to be mined over the next 1.5 years. The operation is expected to employ over 60 workers.
Highland surface mine in Logan County, WV is expected to restart operation in July 2010. This steam coal operation consists of approximately 920,000 surface tons and 355,000 highwall miner tons and is expected to be mined over the next 1.2 years. The operation is expected to employ over 120 workers.
These surface and highwall miner operations are projected to produce approximately 1.3 million tons of steam coal through the remainder of 2010. This production was included in our previous shipped tons guidance.
Employment opportunities are available through the Company's Logan County Mine Services office (304) 239-2300 in Holden, WV.
Massey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the largest coal producer in Central Appalachia and is included in the S&P 500 Index.
FORWARD-LOOKING STATEMENTS: Certain statements in this statement constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to come within the safe harbor protection provided by those sections. Any forward-looking statements are also subject to a number of assumptions regarding, among other things, future economic, competitive and market conditions. These assumptions are based on facts and conditions as they exist at the time such statements are made as well as predictions as to future facts and conditions, the accurate prediction of which may be difficult and involve the assessment of circumstances or events beyond our control. We disclaim any intent or obligation to update these forward-looking statements unless required by securities law, and we caution the reader to not rely on them unduly. Additional information can be found in press releases and Massey's public filings with the Securities and Exchange Commission, including Massey's Annual Report on Form 10-K for the year ended December 31, 2009, which was filed on March 1, 2010, and subsequently filed interim reports.
SOURCE Massey Energy Company
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