SOURCE: Industrial Info Resources

Industrial Info Resources

May 18, 2010 05:10 ET

Massey Energy Completes Acquisition of Cumberland Resources Corporation, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 18, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Massey Energy Company (NYSE:MEE) (Richmond, Virginia) is in the process of integrating Cumberland Resources Corporation's (Abingdon, Virginia) operations into its business after finalizing the acquisition of Cumberland and its assets in April for $960 million (consisting of $640 million cash and $320 million in shares of Massey's common stock). The acquisition has provided Massey with an estimated 416 million tons of coal reserves.

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