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Net income. US$104.4 million (2009) [ 1] Number of employees. approx. 5,850 [ 2] Website. www.alphanr.com. Massey Energy Company was a coal extractor in the United States with substantial operations in West Virginia, Kentucky and Virginia. By revenue, it was the fourth largest producer of coal in the United States and the largest coal producer ...
The firm suffered four years of losses, laid off 4,000 workers, and closed all but 50 mines. Due to its "abnormally low" stock price, Alpha was delisted from the NYSE on July 16, 2015. With debts of $3 billion dating from its acquisition of Massey Energy for $7.1 billion in 2011 the firm filed for Chapter 11 bankruptcy on August 3, 2015.
Donald Leon Blankenship (born March 14, 1950) is an American convicted criminal, business executive, and perennial candidate. He was chairman and CEO of the Massey Energy Company—the sixth-largest coal company (by 2008 production) in the United States [2] —from 2000 until 2010 when an explosion at Massey's Upper Big Branch Mine resulted in the death of 29 workers.
It's been a tough year for Massey Energy (MEE), but today the stock got a boost. The coal mining company announced it is "exploring strategic alternatives," which is finance-speak for a possible ...
A year ago, Massey Energy's (MEE) shares were trading at a lowly $10. But since then, its shares have seen a powerful rally, and the stock price is now at $51.74. To capitalize on the big run ...
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Massey Energy - acquired by Alpha Natural Resources MAXjet Airways - filed for Chapter 11 Bankruptcy and ceased operations MeadWestvaco - combined with RockTenn to form WestRock
But stock price losses are likely just the. Investors drilled Massey Energy (MEE) for a second day in a row, sending its shares down more than 6% in the wake of a West Virginia mine explosion that ...