Shares in Massey Energy were up more than 11% after the acquisition was announced.
Alpha Natural Resources and Massey Energy announced today that they are merging with Massey Energy.
According to MSHA, 18 managers at Performance Coal and Massey Energy refused to testify in the investigation.
FORBES: Massey Energy Employee Guilty of Obstruction, But Where Was Management?
And the outspoken head of Massey Energy at the time, Don Blankenship, the boss over these two guys?
FORBES: Massey Energy Employee Guilty of Obstruction, But Where Was Management?
What is most striking about the leadership style of Don Blankenship, the CEO of Massey Energy, is his consistency.
FORBES: A Tale Of Two CEOs: BP vs. Massey, Part II, Don Blankenship Of Massey
When Massey Energy had the mine blow up (stock price around 45) we sold and said lets revisit later.
FORBES: Market's Burst Scares Smart Guys Out Of Their Shorts
The owner of the Upper Big Branch, Massey Energy, can now rest easier.
FORBES: New Evidence of Deceit and Deception in Mine Disaster that Killed 29
Some familiar companies Massey Energy and ExxonMobil among them ignore shareholder concerns year after year, even after high votes.
Among firms whose RiskGrades have jumped since May, even as their stocks have held up relatively well: Sunoco (465) and Massey Energy (570).
Massey Energy is the fourth largest coal company in the United States and the largest in Central Appalachia based on produced coal revenue.
FORBES: Massey Margins Pinched By Mine Safety, Stock Slippage Ahead
Grundfest used Massey Energy, which operates mines throughout Appalachia, as an example of how shareholders can exert power on a company through corporate governance.
FORBES: Corporate Governance Gets Personal: The Mess At Massey Energy
Alpha Natural Resources bought the operator, Massey Energy, after the disaster.
Earlier this year, a longtime subordinate implicated former Massey Energy CEO Don Blankenship in the case of a mine explosion that killed 29 miners in West Virginia.
Organizations like Waterkeeper and ILoveMountains have fought against companies like Massey Energy, while lobbying for tougher federal restrictions on strip mining and so-called ash ponds.
In 2007 Consol bought rights to develop coal-bed-methane on 1 million acres controlled by rival coal giant Peabody Energy, and formed a smaller partnership with Massey Energy.
Massey Energy has marched more than 97% higher during the past year, gaining ground along the support of its 10-month moving average after breaking above this long-term trendline in May 2009.
Massey Energy, the company that has the Upper Big Branch mine in West Virginia where 29 miners died in April, has been cited for failing to report several accidents according to the Wall Street Journal.
Stover, who was head of security at the Upper Big Branch Mine (operated by Performance Coal and owned by Massey Energy), was convicted of impeding the investigation of the mine explosion that killed 29 people on April 5, 2010.
FORBES: Massey Energy Employee Guilty of Obstruction, But Where Was Management?
Massey Energy for failing to report more than 20 accidents at its Upper Big Branch coal mine in the two years before an April explosion killed 29 miners there, according to documents released by the Mine Safety and Health Administration on Tuesday.
Massey competes with companies like Peabody Energy, Arch Coal and CONSOL Energy.
FORBES: Massey Margins Pinched By Mine Safety, Stock Slippage Ahead
Along the way the students will visit various science organisations such as the Leigh Marine Centre, Liggins Institute, DairyNZ, Massey University as well as spend the afternoon with Genesis Energy (principal sponsor) where they will be given a special tour of their 'plant' at Tokaanu.
Massey has done okay, but that could be simply because energy prices are going up.
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