International Coal Group Statement Regarding Miner Tragedy

Jan 04, 2006, 00:00 ET from International Coal Group

    NEW YORK, Jan. 4 /PRNewswire/ -- International Coal Group Chairman Wilbur
 L. Ross has issued the following statement regarding the accident in which 12
 miners died at the Sago Mine in West Virginia, operated by a subsidiary of the
     "A terrible tragedy has occurred and everyone at International Coal Group
 shares the grief of the families of the twelve miners who lost their lives
 despite the best efforts of our company, Governor Joe Manchin and the rescue
 teams.  My heart goes out to these families. I personally understand their
 trauma since I lost my own father when I was a teenager and my widowed mother
 was left with three children, the youngest of whom was eight years old.  I
 offer these families my heartfelt sympathy and my prayers."
     "No amount of money can take the place of a loved one, but the families do
 have financial needs as well.  Therefore, International Coal Group has
 organized The Sago Mine Fund to provide financial support to the families and
 will provide the Fund with an initial contribution of $2,000,000.  People who
 wish to contribute to the Fund may do so by calling 1-212-826-2174."
     Ben Hatfield, President and CEO of International Coal added, "This has
 been the most tragic period of my life.  Our goal is always to see that our
 people get home safely each day and we will redouble our efforts to make sure
 that a tragedy like this never occurs again.  Our management is working
 diligently with the government investigators to learn the cause of the
 explosion and we will report all findings in the hope that lessons learned
 here may help prevent similar problems at other mines.  No amount of
 explanation can replace a loved one, nor can the Sago Mine Fund, but our
 fervent hope is that this will help.  I reiterate the deep sympathy I have
 already expressed to the families.  We regard our miners as part of our
 extended family and hope that many people will express their sorrow by
 contributing to the Fund."
     ICG is a leading producer of coal in Northern and Central Appalachia and
 the Illinois Basin.  The company has eleven active mining complexes, of which
 ten are located in Northern and Central Appalachia and one in Central
 Illinois.  ICG's mining operations and reserves are strategically located to
 serve utility, metallurgical and industrial customers throughout the Eastern
 United States.

SOURCE International Coal Group