West Virginia Mine Accident Could Cost Massey $212 Million
April 23, 2010 - The West Virginia mine disaster that killed 29 miners could cost the mine's owner, Massey Energy Co., as much as $212 million.
In its first-quarter earnings report, Massey said that it will pay up to $150 million for rescue efforts, insurance deductibles, legal fees and family benefits. Additionally, an additional $62 million in damage to equipment, development and mineral rights was lost.
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In its first-quarter earnings report, Massey said that it will pay up to $150 million for rescue efforts, insurance deductibles, legal fees and family benefits. Additionally, an additional $62 million in damage to equipment, development and mineral rights was lost.
Read more at Mining Industry Today:
Massey Energy news - http://mining.einnews.com/news/mining-massey-energy
Located at http://mining.einnews.com, Mining Industry Today is a service of EIN News, a news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest mining news from around the world, saving them valuable time. New users to Mining Industry Today can enjoy a no-obligation, one-week trial at no cost.
About EIN Presswire
The EIN Presswire press release service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals through more than 90 industry channels. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the press release live feed at http://www.einpresswire.com and the latest world news at http://www.einnews.com.
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