Richmond, Virginia, US-based coal producer Massey Energy Company announced on July 8 that it has acquired the assets and permits of the Marmet Dock river barge loading facility from Kanawha River Terminals, LLC. Located at mile post 69 on the Kanawha River near Marmet, West Virginia, the dock has ground storage capacity of 300,000 mt. The annual loading capacity of the facility, as currently configured, is in the range of 5 to 7 million mt.
Massey's president, Baxter F. Phillips Jr., said, "The addition of these assets will provide us with key advantages in our strategy to expand our sales of high quality metallurgical coal. We can use this facility to blend different types of coal from several of our resource groups, thereby creating custom coal products that command premium prices."