Massey Plans To Rebuild WVa Coal Preparation Plant

By: Associated Press
By: Associated Press

Charleston, W.Va. (AP) -- Massey Energy chief Don Blankenship says the coal producer probably will replace a preparation plant that burned in southern West Virginia.

Speaking at an investment conference Thursday, Blankenship said the Bandmill Plant in Logan County will be razed and most likely rebuilt.

Insurance is expected to cover all but the Richmond, Va.-based company's $1.5 million deductible.

Bandmill's train loading equipment was not destroyed and Blankenship says Massey can still ship 1 million tons of coal that doesn't need processing.

Coal that needs processing is being trucked to another Massey preparation plant.

Blankenship says the cause of the fire remains under investigation.

Massey operates mines in West Virginia, Kentucky and Virginia.

(Copyright 2009 by the Associated Press. All rights reserved.)

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