| | Business Summary | | Massey
Energy
Company
is
a
coal
company
that
produces,
processes
and
sells
bituminous,
low
sulfur
coal
of
steam
and
metallurgical
grades
through
its
18
processing
and
shipping
centers,
called
"resource
groups,"
many
of
which
receive
coal
from
multiple
coal
mines.
Massey
currently
operates
more
than
50
coal
mines
in
West
Virginia,
Kentucky
and
Virginia.
Its
steam
coal
is
primarily
purchased
by
utilities
and
industrial
clients
as
fuel
for
power
plants.
Its
metallurgical
coal
is
used
primarily
to
make
coke
for
use
in
the
manufacture
of
steel. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Massey
Energy
Company
is
a
producer
of
coal
in
the
Central
Appalachian
area
of
the
United
States,
providing
premium
metallurgical
coal
to
steel
manufacturers,
as
well
as
low
sulfur,
high
Btu
coal
to
electricity
providers.
For
the
six
months
ended
4/30/01,
total
revenue
rose
9%
to
$598.1
million.
Net
income
fell
98%
to
$729
thousand.
Results
reflect
an
increased
volume
of
steam
coal
sold
and
higher
spot
prices,
offset
by
lower
margins
due
to
operating
difficulties. Recent Earnings Announcement
For
the
3
months
ended
07/31/2001,
revenues
were
311,500;
after
tax
earnings
were
-9,400. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Don Blankenship, 50
Chairman,
Pres, CEO | $3.7M | -- | Jeffrey Jarosinski, 40
CFO,
VP-Fin. | 348K | -- | Bennett Hatfield, 44
COO,
Exec. VP | 847K | -- | H. Drexel Short, 44
Sr.
VP, Group Operations | 600K | $16K | Baxter Phillips, Jr., 54
VP,
Treasurer | 299K | -- | | Dollar amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mee.gif)