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 Post subject: UBB Update
PostPosted: Mon Jan 31, 2011 4:56 pm 
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Location: SW Indiana
MSHA had a significant Presentation last week. The conference call has a lot of new information.

http://www.msha.gov/PerformanceCoal/PerformanceCoal.asp


In a nutshell they are now thinking this was a very small methane ignition at the Longwall sherer that caused a massive coal dust explosion throughout the mine.

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PostPosted: Mon Jan 31, 2011 5:42 pm 
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Location: WILKES-BARRE PA
Alpha Natural Resources just bought/merged with Massey

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PostPosted: Mon Jan 31, 2011 5:43 pm 
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Alpha Natural Resources and Massey Energy Agree to $8.5 Billion Combination

Combination creates a premier coal operator in the United States and a global leader in metallurgical coal supply

Merged company will have a total reserve base of approximately 5 billion tons with one of the world’s largest, highest-quality metallurgical coal reserve bases

Transaction expected to benefit stockholders and customers of both companies through substantial synergies with cash flow accretion in first full year of operations

ABINGDON, Va. & RICHMOND, Va.--(BUSINESS WIRE)--Alpha Natural Resources, Inc. (NYSE: ANR) (“Alphaâ€

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PostPosted: Mon Jan 31, 2011 10:47 pm 
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Thanks for the update on that merger.....HOLY CRAP :shock: didnt figure that was going to happen. Now I get why Massey was going for the Mathies Mine site in SW Pa..

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PostPosted: Mon Jan 31, 2011 10:57 pm 
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Why did they want it? Is there much left in it....?


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PostPosted: Tue Feb 01, 2011 7:51 am 
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i think real soon Alpha is going to be #1 Or #2 in the coal industry, there the 3rd largest now

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PostPosted: Tue Feb 01, 2011 8:22 am 
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I'm not sure I really want ot hear about the merger. I've been watching Massey Stock since last April. Knowing good an well there was money to be make. Last July the stock was about $25 and the merger offer is $70.

Proving once again, every historian in the markets is rich.

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PostPosted: Tue Feb 01, 2011 2:47 pm 
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Location: West Virginia
I think this is a good thing. Alpha seems to try and run coal right. I think overall wages will drop somewhat (Massey pays the highest) but, I quality of life will improve for the average miner.

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PostPosted: Tue May 31, 2011 10:41 am 
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Just found this today. Massey's Jan 28th briefing.

http://vimeo.com/19308409



This is the first I have heard of a " massive inundation of natural gas from an external source". I'm skeptical, but i'll keep an open mind.

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 Post subject:
PostPosted: Tue May 31, 2011 3:25 pm 
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Independent Report to the Governor of WVa.

http://www.nttc.edu/ubb/


:shock: :shock:

They won't be getting any contributions from Massey for sure!

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PostPosted: Wed Jun 29, 2011 8:22 pm 
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MSHA released a preliminary report today. It would not be a good time to be a Management person at that mine.

They clearly blamed the management. A ripped them a new one.

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