CHARLESTON, W.Va. (AP) - Massey Energy is considering ways to
increase metallurgical coal production to take advantage of surging
world demand from the steel industry.
Sales of so-called met coal helped the Richmond, Virginia-based
coal company post a strong profit in the second quarter. And C-E-O
Don Blankenship told Wall Street analysts today that Massey would
increase production at four West Virginia mines if it can get
enough contracts for met coal.
The attraction is money. Massey generated a little bit more than
45 dollars a ton in revenue for each ton of coal sold to electric
utilities in the second quarter. Met coal topped 72 dollars a ton
during the quarter.
Massey is the nation's fourth-largest coal producer by revenue.
It operates 19 mining complexes in West Virginia, Virginia and
(Copyright 2007 by The Associated Press. All Rights Reserved.)