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06 Dec 2011 10:59

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U.S.: Mine company pays penalties over deadly West Virginia mine blast

  • $209 million the amount Massey Energy’s parent, Alpha Natural Resources, will pay in penalties over the 2010 mine blast
  • $47 millionthe amount that will go to individual families and those injured in the deadly blast source
  • » The mine blast killed 29 miners: One of the first things that became clear after last year’s deadly West Virginia mine blast was that the company in charge of the mine, Massey Energy, did a very poor job of following regulatory standards. This is their punishment. While the company will avoid getting prosecuted as a result of this settlement, individual Massey executives could face prosecution as part of the agreement. Does the punishment reflect the crime?

19 May 2011 17:35

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Politics: “A failure of basic coal mine safety procedures” at Upper Big Branch

  • I don’t know how you could have assembled a worse record than the record they have assembled in the last few years. It does not appear the culture has changed at Massey. That is most unfortunate.
  • Davitt McAteer, chair of the West Virginia Governor’s Independent Investigation Panel • Speaking on his examination and report about the deadly explosion at the Upper Big Branch coal mine, under the ownership of Massey Energy.  The full report, available here, is pretty damning — the subtitle of the report is, simply, “a failure of basic coal mine safety practices.” Said Senator Jay Rockefeller of West Virginia: “This report tragically reinforces that the disaster that took the lives of 29 men at Upper Big Branch last year was absolutely preventable. That will always be one of the most painful facts about this explosion.” source

06 Apr 2010 10:42

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Biz, U.S.: Awful mining disaster not good for Massey Energy’s stocks

  • 9.8% dip in price just this
    morning alone source

06 Apr 2010 08:45

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U.S.: 25 dead, 4 missing in West Virginia mining explosion

  • West Virginians are tough, we will bind together.
  • West Virginia Rep. Nick Rahall • Regarding yesterday’s mine explosion in Montcoal, where 25 miners died. A day after a much happier ending for a mine explosion in China, where over 100 miners were rescued, the community around Performance Coal Company is in mourning, largely unable to rescue those inside the mine due to high methane levels making it hard to breathe and raising the chances of another explosion. The mine, by the way, has a long history of safety problems and just last year, parent company Massey Energy had to pay $382,000 for safety violations. source