Shareholders have approved an $8.5 billion merger between Massey Energy and Alpha Natural Resources. Alpha’s acquisition of Massey will make it the second-largest holder of coal reserves in America. We reported yesterday on some shareholder concerns about Alpha’s plans to retain several Massey executives who were in oversight positions during the April 2010 explosion at… Continue reading Alpha-Massey Merger Approved by Shareholders
Shareholders of Massey Energy and Alpha Natural Resources will vote Wednesday on a proposed merger. If approved, the deal would make Alpha the world’s third largest producer of metallurgical coal. The company has said it intends to retain five Massey executives, all of whom were in leadership positions during the Upper Big Branch explosion last year… Continue reading Wednesday Vote Scheduled on Massey-Alpha Coal Merger
The first indictment has been issued in a criminal probe into last year’s explosion at Massey Energy’s Upper Big Branch Mine that left 29 coal miners dead.
The mine’s Chief of Security Hughie Stover has been accused of lying to investigators and trying to destroy mine records.
Activists chained themselves to a bulldozer and excavator at Massey Energy’s Coal River Mountain site this morning. They want Massey to stop plans to blast the mountain for coal and make the site into a wind farm instead. The protestors are worried that blasting could compromise a nearby coal sludge impoundment dam. From the Ohio… Continue reading 14 Arrested at W. VA Mountaintop Removal Site