Wednesday, May 26, 2010

Massey Energy (NYSE:MEE) Not for Sale

Massey Energy (NYSE:MEE) said the rumors and reports stating they're for sale are false, and there is not truth to them whatsoever.

Some of this is evidently being circulated because of moves by the company to sell some assets or enter into some joint ventures with other companies.

Regions where Massey is looking at doing deals in are the United States, Australia, Mongolia and India.

Massey is looking to partner with Jindal Steel & Power (JNSP.BO), based in India, to develop and operate underground coal mines in that country.

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