Massey Energy Expects Earlier Restart of Preparation Plant

JULIAN, W.Va., May 12 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE: MEE) today announced that it expects to complete construction and restart operations at its Bandmill preparation plant in Logan County, WV earlier than previously anticipated.  The plant, which was destroyed by fire on August 27, 2009, is now expected to resume processing coal in September 2010.

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Upon completion of the construction, the redesigned plant will be renamed "Zigmond Processing," after retired longtime Massey member Richard Zigmond.

Zigmond Processing will be a state-of-the-art preparation plant.  When fully operational, this heavy media vessel, heavy media cyclone, spiral and froth flotation facility will have processing capacity of 1,200 tons per hour.  It will service four underground mines producing high quality metallurgical coal and two surface mines producing steam coal.  The mines are all part of the Company's Logan County resource group.  The facility will feature a new batch-weigh flood loadout that will be capable of loading 15,000 ton trains in four hours.  

Shipments from the direct ship loadout are expected to begin during the first half of August 2010 and the Company expects the plant to be fully operational by mid-September 2010.

Total employment at the combined operations served by the plant is expected to exceed 480 workers.

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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