International Business News - Massey http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Massey Energy Co., the fourth largest coal producer by revenue in the nation, said Monday it was "disappointed" that the U.S. Supreme Court denied consideration of the company's appeal of a 2007 case from West Virginia. http://www.ibtimes.com/articles/20081201/massey-energy-reacts-to-us-supeme-court-rejection.htm Mon, 01 Dec 2008 15:18:36 EST Coal producer Massey Energy Co. on Thursday said its board of directors promoted Executive Vice President and Chief Administrative Officer Baxter Phillips Jr. to president. http://www.ibtimes.com/articles/20081113/massey-energy-names-baxter-phillips-president.htm Thu, 13 Nov 2008 09:38:43 EST Massey Energy Co. said Tuesday its board of directors approved a 20 percent increase in the coal company's quarterly dividend. The dividend was increased to 6 cents per share from the former quarterly rate of 5 cents. It will be paid Dec. 31 to shareholders of record on Dec. 17. http://www.ibtimes.com/articles/20081111/massey-energy-increases-dividend-20-percent.htm Tue, 11 Nov 2008 14:48:37 EST Despite the slowing economy, coal producer Massey Energy Co. remains committed to an ambitious expansion plan that added 15 new mines over the past year, company officials said Friday. http://www.ibtimes.com/articles/20081031/massey-lowers-price-coal-production-expectations.htm Fri, 31 Oct 2008 16:47:59 EDT Massey Energy Co.'s third-quarter profit more than doubled on a 27 percent gain in revenue per ton, the Richmond, Va.-based coal mine operator said Thursday. http://www.ibtimes.com/articles/20081030/massey-reports-higher-3rd-qtr-profit.htm Thu, 30 Oct 2008 17:59:10 EDT Investors are due to get a look at how much pricing and production affected coal mine operator Massey Energy in the third quarter, and will be looking for insight into how the global economic downturn will weigh on results going forward. http://www.ibtimes.com/articles/20081030/ahead-of-the-bell-massey-energy-earnings.htm Thu, 30 Oct 2008 08:49:35 EDT Mine operator Massey Energy has acquired an idled metallurgical coal mine in West Virginia. Richmond, Va.-based Massey announced the deal Thursday. Terms were not disclosed. http://www.ibtimes.com/articles/20081002/massey-adds-west-virginia-mine.htm Thu, 02 Oct 2008 22:05:23 EDT Standard and Poor's Ratings Services on Monday raised its corporate credit rating and senior unsecured debt ratings of Richmond, Va.-based Massey Energy Co., a coal producer. http://www.ibtimes.com/articles/20080915/s-p-raises-credit-rating-on-massey-energy.htm Mon, 15 Sep 2008 15:45:56 EDT Massey Energy Co.'s stock price plummeted Tuesday after an analyst downgraded the coal miner's shares, voicing concern about how a global economic slowdown would affect prices of coal used in steel production. http://www.ibtimes.com/articles/20080909/last-call-coal-miner-massey-energys-shares-down.htm Tue, 09 Sep 2008 15:34:35 EDT The troubles that prompted Massey Energy Co. to warn investors that average prices and production might be lower than expected appear limited to the Richmond, Va.-based coal company, and not industrywide. http://www.ibtimes.com/articles/20080904/analysts-say-massey-woes-isolated.htm Thu, 04 Sep 2008 18:32:35 EDT Coal miner Massey Energy Co. is warning investors that prices and production are trending lower. Richmond, Va.-based Massey said Wednesday it now expects to hit the lower end of projections for average price and tons produced for 2008. Massey projected in July it would ship between 41.5 million and 43 million tons this year at an average price of $65 to $66 a ton. http://www.ibtimes.com/articles/20080903/massey-warns-of-price-production-dips.htm Wed, 03 Sep 2008 19:10:41 EDT Coal producer Massey Energy has completed an offer to repurchase $335 million in debt. The Richmond, Va.-based company said Wednesday that 93.5 percent of the debt, or more than $313 million, was tendered in response to the repurchase offer and has been accepted for payment. Massey says holders will receive $1,001.57 plus interest for each $1,000 in debt. http://www.ibtimes.com/articles/20080903/massey-finishes-repurchase-of-335-million-in-debt.htm Wed, 03 Sep 2008 10:00:41 EDT A federal judge has ordered coal giant Massey Energy Co. to offer new jobs to 85 union miners who lost jobs at a West Virginia mine in 2004. The miners were laid off when Richmond, Va.-based Massey took over the eastern Kanawha County mine after the previous owner, Horizon Natural Resources, went into bankruptcy. http://www.ibtimes.com/articles/20080831/judge-orders-massey-energy-to-rehire-w-va-miners.htm Sun, 31 Aug 2008 19:41:06 EDT Shares of coal mine operator Massey Energy Co. surged for a second day Thursday as investors continued to buy the stock after recent dips. The Richmond, Va., company's stock rose $5.04, or 7.8 percent, to $69.90 in afternoon trading. On Wednesday the stock gained as much as 3 percent during regular trading. http://www.ibtimes.com/articles/20080821/massey-energy-shares-rally-as-crude-oil-rises.htm Thu, 21 Aug 2008 15:25:58 EDT Coal mine operator Massey Energy has put out its first social responsibility report. The 32-page document details Massey's financial and employee support for a variety of programs, including donations for education and volunteer fire departments and help re-establishing the American chestnut in Appalachia. http://www.ibtimes.com/articles/20080820/massey-issues-corporate-responsibility-report.htm Wed, 20 Aug 2008 15:43:42 EDT Coal mine operator Massey Energy Co. on Tuesday announced a yield of 2.333 percent for a previously announced cash tender offer for senior notes due 2010. http://www.ibtimes.com/articles/20080819/massey-announces-pricing-for-senior-notes.htm Tue, 19 Aug 2008 17:44:54 EDT Coal producer Massey Energy is set to raise more than $833 million from separate securities offerings. Richmond, Va.-based Massey announced Thursday it's selling 3.8 million shares of common stock at $61.50--a 3 percent discount from Wednesday's $63.38 closing price. Underwriters have the option to sell 570,000 more shares at the same price. http://www.ibtimes.com/articles/20080807/massey-prices-stock-debt-offers.htm Thu, 07 Aug 2008 10:02:41 EDT Coal mine operator Massey Energy may use a big chunk of the $850 million it plans to raise in stock and debt offerings to pay legal costs. In documents filed Wednesday with the Securities and Exchange Commission, Massey lists paying a $220 million judgment awarded to Wheeling Pittsburgh Steel in July 2007 as one potential use for the money. Barring a successful appeal, Massey says it owes about $217 million after figuring in a $50 million appeal bond and $47 million in interest. http://www.ibtimes.com/articles/20080806/massey-says-new-capital-may-pay-for-lawsuit.htm Wed, 06 Aug 2008 10:21:23 EDT Coal mine operator Massey Energy said Tuesday it plans to raise at least $850 million in fresh capital as it continues an ambitious plan to increase production. http://www.ibtimes.com/articles/20080805/massey-energy-plans-to-raise-850-million.htm Tue, 05 Aug 2008 19:13:29 EDT Coal mine operator Massey Energy is planning to raise at least $850 million in fresh capital. Richmond, Va.-based Massey says the bulk of the money would come from the sale of $600 million in convertible notes. Massey's also planning to sell $250 million worth of common stock. http://www.ibtimes.com/articles/20080805/massey-energy-plans-to-raise-850-million.htm Tue, 05 Aug 2008 16:47:27 EDT