Miners Union Blasts Alpha Resources' Decision To Retain Massey Executives
May 20 2011 - 3:53PM
Dow Jones News
A labor union representing coal miners is blasting a decision by
Alpha Natural Resources Inc. (ANR) to retain top executives at
Massey Energy Co. (MEE) after it acquires the Virginia-based coal
company later this year.
The criticism comes one day after independent investigators said
the April 2010 explosion at Massey Energy's Upper Big Branch mine
could have been prevented and was primarily the result of failures
within Massey's safety systems, as well as lax oversight by federal
and state regulators.
"The wisdom of putting these people into critical slots in Alpha
[Natural Resources] must be called into serious question," United
Mine Workers of America International President Cecil Roberts said
in a statement Friday.
Shareholders are expected to vote on the proposed merger between
Alpha Natural Resources and Massey Energy on June 1.
Representatives for Alpha Natural Resources and Massey Energy
were unavailable for immediate comment.
-By Tennille Tracy, Dow Jones Newswires; 202-862-6619;
tennille.tracy@dowjones.com
Massey (NYSE:MEE)
Historical Stock Chart
From Nov 2024 to Dec 2024
Massey (NYSE:MEE)
Historical Stock Chart
From Dec 2023 to Dec 2024