Massey Energy Buys Coal Reserves From Appalachian Fuels

November 18, 2009 (FinancialWire) — Massey Energy Company (NYSE: MEE ) said it has completed an additional acquisition of metallurgical and steam coal reserves from the now bankrupt Appalachian Fuels, LLC. and its affiliates.

The reserves, located in Barbour County, West Virginia, consist of approximately 15 million tons of high volatile coal. In addition to the coal reserves, Massey also acquired various permits which will assist with establishing the infrastructure required to begin production on the property. The transaction was completed on November 13, 2009.

Richmond, Virginia-based Massey Energy is a coal company with operations in West Virginia, Kentucky and Virginia.

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