Massey Energy reports Q1 2010 operating results

Thursday, 22 April 2010 01:28:18 (GMT+3)   |  
Massey Energy Company Wednesday reported net income of $33.6 million for the first quarter of 2010. Produced coal revenue for the first quarter 2010 was $571.8 million.

Produced tons sold in the first quarter of 2010 totaled 8.5 million compared to 10.8 million in the first quarter of 2009. Metallurgical coal shipments were 2.4 million tons in the quarter, up 33 percent year over year.

"Following a difficult winter and tough operating conditions in January and February, we shipped over one million tons of metallurgical coal in the month of March," said Massey's Chairman and Chief Executive Officer Don Blankenship. "With our plans to mitigate most of the lost production at the Upper Big Branch mine, we believe the first quarter's metallurgical coal volume is approximately in line with our capabilities in the second half of 2010."


Similar articles

US domestic long steel prices steady as scrap settles higher; mill price increase may wait 

13 Feb | Longs and Billet

US import long steel pricing mostly steady; uncertainty, limited demand stalls trade

12 Feb | Longs and Billet

US raw steel production is up 1.4 percent - week 6, 2026

11 Feb | Steel News

February US scrap settles $20-30/gt up on tight supply, weather and solid mill demand

10 Feb | Scrap & Raw Materials

Sims Limited to consolidate Houston scrap operations

10 Feb | Steel News

US flat steel prices steady to up; cold weather, slim imports and scrap support

07 Feb | Flats and Slab

US import long steel steady to down; Asian imports and up US scrap could pressure

06 Feb | Longs and Billet

US long steel prices steady, rising scrap may prompt more price increases

05 Feb | Longs and Billet

February US scrap begins trade up $30/gt, weather and delivery issues key this month

05 Feb | Scrap & Raw Materials

US raw steel production is down 1.1 percent - week 5, 2026

03 Feb | Steel News