{"id":517722,"date":"2010-04-06T10:23:00","date_gmt":"2010-04-06T14:23:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:419274"},"modified":"2010-04-06T10:23:00","modified_gmt":"2010-04-06T14:23:00","slug":"horrific-mine-accident-hits-massey-energy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/517722","title":{"rendered":"Horrific mine accident hits Massey Energy"},"content":{"rendered":"<p>The world is reacting with horror to the news that at least 25 people have died in an explosion at <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=MEE&amp;id=1981340\" >Massey Energy Co<\/a>.&#39;s Upper Big Branch coal mine in West Virginia. It is the worst U.S. mining accident since 1984.\n<\/p>\n<p>Meredith Bandy, an analyst at BMO Capital Markets, wrote in a note that the ultimate impact on Massey is unclear.\n<\/p>\n<p>&quot;Putting aside the terrible loss of life, at this stage it is not possible to quantify the earnings impact for [Massey] for this year, nor the impact of possible private litigation or government action against the company,&quot; Ms. Bandy wrote in a note to clients.\n<\/p>\n<p>She also noted that no estimates have been provided on how long the mine will remain closed and how much that will cost the company.\n<\/p>\n<p>Ms. Bandy did say that the accident is unlikely to affect the seaborne coking coal market. The market is about 200 million tonnes a year in size, and she wrote that it is unlikely that all of the output from the Upper Big Branch mine, which produces about 1.2 million tonnes a year, would have been sold into the seaborne market.\n<\/p>\n<p><a href=\"mailto:pkoven@nationalpost.com%20\">Peter Koven<\/a>\n<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=419274\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world is reacting with horror to the news that at least 25 people have died in an explosion at Massey Energy Co.&#39;s Upper Big Branch coal mine in West Virginia. It is the worst U.S. mining accident since 1984. Meredith Bandy, an analyst at BMO Capital Markets, wrote in a note that the ultimate [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-517722","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=517722"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/517722\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=517722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=517722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=517722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}