Source Pravda.Ru

Massey Energy Co discloses its price estimates for next 3 years

The fourth largest producer of coal in the United States, Massey Energy Co, revealed its intentions to up price estimates for the next three years.

The company expects to sell coal for $61 to $63 a ton this year, thus increasing the price by $8 from its prior forecast. The sales in 2009 are expected to be $65 to $74 a ton and in 2010 - up to 24%.

The company has also approved an additional $90 million in capital spending for 2008. This spending will spur the expansion projects and put the year's total at about $550 million.

Photo: www.ohvec.org

More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?

Venezuela may expect another Panama scenario from 1989
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