Massey Energy Co. said it will increase coal production at its other mines to compensate for production lost at the West Virginia mine where 29 miners died in a blast.
It expects to reopen the Upper Big Branch (UBB) mine at some point after an investigation of the blast is completed. Until then, it has plans for UBB miners to work at other Massey mines in the area.
In a letter to shareholders, Massey said it has insurance to cover it against suits that might be brought against it as a result of the blast, but it has no insurance against business interruption at the mine.
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Wins Temporary Injunction Against Howden 
South Florida Police Officers Sue Actors, Say Details in ‘The Rip’ Are Too Real 
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction From This Issue
