Friday, July 2, 2010

Massey Energy (NYSE:MEE) Supervisors Face Criminal Charges Related to Fire

Four Massey Energy (NYSE:MEE) supervisors have been charged with federal crimes in relationship to a fire at Aracoma Alma No. 1 mine in West Virginia, which resulted in the deaths of two miners in 2006.

Charges are they didn't conduct mandatory safety drills at the mine in 2005 and 2006.

The defendant supervisors are: Donald Hagy, Jr., 47, of Gilbert; Terry Shadd, 37, of Chapmanville; Edward R. Ellis, Jr., 38, of Justice; and Michael A. Plumley, 38, of Delbarton.

"We expect all of our miners to follow state and federal laws as well as company policies, which are often more stringent," Massey said in statement. "At the same time, we must recognize that the miners who have been charged have due process rights and are presumed innocent until proven guilty."

It's assumed there has been a plea bargain reached because the four were charged in a federal information, which requires the consent of the defendants in a case.

Massey still faces legal charges related to its Upper Big Branch mine, where 29 workers were killed on April 5.

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