JULIAN, W.Va., June 3 /PRNewswire-FirstCall/ -- Massey Energy Company (NYSE: MEE) today released the following statement with initial observations related to the reentry into the Upper Big Branch (UBB) Mine and the tentative plan for future exploratory efforts:
"At approximately 6 p.m. on Wednesday, June 2, 2010, the teams emerged from the Upper Big Branch mine's North Portal after completing their initial examination. During the examination, the teams reestablished communications between the two mine portals.
Borehole drilling will continue today to establish an additional underground air monitoring point. The teams intend to reenter the mine on Friday, June 4, 2010 to travel to the longwall, if conditions permit.
Yesterday's reentry teams encountered no water buildup that would hinder the investigative progress.
The teams had been withdrawn earlier in the day to confirm the safety of air conditions, but were able to reenter and finish their initial exploratory mission.
Massey Energy will continue to provide updates on the Massey Energy UBB website (www.MasseyUBB.com) as information becomes available. Massey Energy supports a fair and independent investigative process into what happened at UBB and encourages our partners in this investigation to make the same commitment."
Massey Energy Company, headquartered in Richmond, Virginia, with operations in West Virginia, Kentucky and Virginia, is the largest coal producer in Central Appalachia and is included in the S&P 500 Index.
SOURCE Massey Energy Company