April 23, 2010 – The West Virginia mine disaster that killed 29 miners could cost the mine’s owner, Massey Energy Co., as much as $212 million.
In its first-quarter earnings report, Massey said that it will pay up to $150 million for rescue efforts, insurance deductibles, legal fees and family benefits. Additionally, an additional $62 million in damage to equipment, development and mineral rights was lost.
Read more at Mining Industry Today:
Massey Energy news – http://mining.einnews.com/news/mining-massey-energy
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