MARKETS

Speculation over Blankenship's return to coal mining

FORMER Massey Energy chairman Don Blankenship, who disappeared from the public eye last year foll...

Donna Schmidt
Speculation over Blankenship's return to coal mining

According to the Associated Press, which obtained public records in Kentucky, Blankenship filed paperwork for a new venture called McCoy Coal Group in Belfry in January 2011 – just one month after his retirement from Massey. Massey was swallowed in an acquisition deal by Alpha Natural Resources six months later last June.

However, Kentucky Energy and Environment spokesperson Dick Brown told the news service no mining permits had been sought under the new company heading. Blankenship is listed as president of McCoy and several media outlets have reported his last residence as Tennessee.

The AP noted that, under his $US12 million severance package received when he exited Massey, he was prohibited from competing with the producer for a period of two years despite it now being merged with Alpha.

Alpha spokesman Ted Pile told the news service it was not aware of his current activities in the industry. However, Alpha “expects him to honor that agreement”, he said.

“While the agreement was, of course, with Massey, it now applies to Alpha and its affiliates,” he said.

The discovery of the new coal venture comes almost one year after the embattled executive left his post with Massey and just days after the release of the US Mine Safety and Health Administration’s final investigation report of Upper Big Branch mine explosion in Raleigh County that killed 29 workers.

Alpha said last week following the report’s release that it was still working on its own internal investigation into the blast.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production