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Massey Energy Unit Gets Permit To Open New W.Va. Coal Mine

By Matt Whittaker Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- A unit of U.S. coal mining company Massey Energy Co. (MEE) has received a permit from the United States Army Corps of Engineers to begin operating in West Virginia, the company said Tuesday. The permit will allow Richmond, Va.-based Massey's Highland Mining Co. subsidiary to begin operation of the Reylas Surface Mine in Logan County, W.Va., which is expected to produce about one million tons of coal per year over six years. It will employ 103 people. Highland first applied for the Corps permit in August 2007. It received a surface mining permit from the West Virginia Department of Environmental Protection in 2008. The move to open the mine comes as Massey--which agreed in January to sell itself to Alpha Natural Resources Inc. (ANR) in a deal valued at $7.1 billion--continues to deal with the repercussions of an April explosion at its Upper Big Branch mine in Montcoal, W.Va., that killed 29 miners. The Justice Department has been conducting a criminal investigation while federal and state safety officials investigate the cause of the accident. The chief of security at the mine was recently charged with lying to investigators and ordering the destruction of thousands of security-related documents. -By Matt Whittaker, Dow Jones Newswires; 212-416-2139; matt.whittaker@dowjones.com

Stock News for Massey (MEE)
DateTimeHeadline
05/24/201118:33:06Judge Tells Massey, Peabody To Turn Over Accident Data To US...
05/24/201118:08:49Alpha Natural To Replace Massey In S&P 500 Next Month On Takeover
05/20/201115:53:19Miners Union Blasts Alpha Resources' Decision To Retain Massey...
05/18/201116:12:16Federal Regulators Withdrew Miners From James River Mine
05/17/201117:53:27Massey Official Faces Third Charge Related To Mine Explosion
05/06/201110:23:37Massey To Halt Production At Randolph Mine For 3 Days Training
05/03/201118:47:49US Official: Safety Violations At Massey Mine 'Outrageous'
05/03/201111:40:30Massey Energy Likely Will Continue Facing Higher Costs-Executives
05/03/201107:55:40Alpha Natural Resources 1Q Net Soars Absent Prior-Year Charges
05/02/201117:57:32Massey Energy Swings To 1Q Loss On Higher Expenses; Revenue Up
04/13/201117:05:09Upper Big Branch Employee Pleads Guilty To Making False Statements
04/11/201111:56:03EARNINGS PREVIEW: US Coal Firms Seek Access Abroad
04/04/201119:24:37WSJ: Massey Mine Probe To Detail Failures One Year After Blast
03/28/201115:29:35Massey Cited By US Mine Regulator In Feb For 81 Safety Breaches
03/23/201119:44:17MBIA, Alcatel-Lucent Among Credits Added To CDX High-Yield Index
03/18/201118:31:08US Coal Miners Set To Profit As Fears Rise Over Nuclear Power
03/15/201113:48:36Massey Mine Security Chief Pleads Not Guilty In Blast Probe -AP
03/08/201112:05:183 More Miners' Families Sue Massey Over 2010 Disaster -Report
03/08/201111:19:03Massey Energy Unit Gets Permit To Open New W.Va. Coal Mine
03/06/201121:25:07James River To Pay $475 Million For International Resource Partners

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