Hints and tips:
...“If we look back on sanctions in every other area of economics, they are highly matured markets that have clear regulation,” says Rohan Massey, partner at US law firm Ropes and Gray....
...Massey’s CEO Don Blankenship was eventually jailed for conspiring to violate federal mine safety standards....
...Gardener Tom Massey has collaborated with the project to create an “edible jungle of unusual species”, from guava and chia seed to pineapple and sugar cane. The message?...
...BlackRock has announced broad plans to address climate change, including divesting from companies generating more than 25 per cent of revenues from thermal coal....
...Wilma was at school with a man called Don Blankenship, who went on to become chief executive of Massey Energy, a coal operator....
...Don Blankenship, the former chief executive of coal producer Massey Energy, is running to be a US senator for West Virginia, despite having spent a year in gaol over the Upper Big Branch mine disaster, which...
...In 2011 it made the largest ever acquisition in the US coal industry, buying Massey Energy for $8.5bn including debt....
...During the early 2000s, he steered clear of technology and telecoms stocks, investing instead in companies such as coal miner Massey Energy and fuel distributor Star Gas Partners....
...During the eight months from November 2010 to July 2011 a delirious orgy of late-cycle coal mergers took place: Peabody bought Macarthur, Alpha bought Massey, Arch bought International Coal and Walter bought...
...The explosion appears to have been the worst industrial accident since a massive coal dust explosion at the Upper Big Branch Mine, then owned by Massey Energy, which killed 29 workers in April 2010....
...US miners made matters worse with an ill-timed takeover boom in 2010-11, when Peabody bought Macarthur Coal in Australia, Alpha bought Massey Energy, Arch bought International Coal Group, and Walter bought...
...Massey operations”....
...Operations at legacy Massey mines contributed nearly 35 per cent of Alpha’s total coal revenue in the quarter, helping the company more than double revenue compared with the third quarter of 2010 to $2.3bn...
...Coal India to quicken search for overseas mines Coal India, facing a drop in output for the first time in more than a decade, is accelerating its search for overseas assets after talks with Massey Energy...
...It also cited other factors, including lower than expected production from some of its mines, including some brought in with the $8.5bn acquisition of Massey Energy agreed at the start of the year....
...Audley’s attempt to start an auction for Walter comes after a flurry of transactions in the coal sector in the past year, including Alpha’s purchase of Massey for $8.5bn....
...The North American coal industry has been going through consolidation over the past year, with Walter Energy’s $3.3bn acquisition of Western Coal and Alpha Natural Resources’ deal to buy Massey Energy for...
...Alpha Natural Resources, the third-biggest US coal producer, agreed at the weekend to buy its rival Massey Energy for about $8.5bn in cash and stock, in a fresh sign of consolidation in the global coal sector...
...For example, $1.5bn of junk bonds were sold related to the purchase of Massey Energy by Alpha Natural Resources, the third-biggest coal producer in the US....
...Massey, the fourth largest coal producer in the US, controls about 2.3bn tons of reserves in Central Appalachia, a coal producing region in the east of the country....
...International Coal Group jumped 30.8 per cent to $14.43 after Arch Coal said it had agreed a $3.4bn deal with the coal producer....
...Massey Energy , the coal miner, fell 3.6 per cent to $65.25 while Consol Energy lost 3.5 per cent to $52.26....
...Massey Energy , the coal miner, was up 0.9 per cent to $69.87 while Freeport-McMoRan , the copper miner, added 1.3 per cent to $55.77. The S&P materials sector was up 0.7 per cent....
...Consol Energy , the coal and natural gas producer, fell 4.3 per cent to $51.74 while Massey Energy , another coal producer, was down 3.6 per cent to $55.38....
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