In "Coal and Energy Price Report" Massey Energy Refutes Month-Long Furlough

RICHMOND, VA--(Marketwire - May 26, 2009) - In an article published in the "Coal and Energy Price Report," rumors of a scheduled month long furlough at Massey Energy were put to rest. According to a senior Massey executive quoted by "Coal and Energy Price Report," the market outlook does not differ from what appeared in the last earning calls; production plans remain constant and do not deviate from what has been said in the past.

Earlier on May 19 during Massey Energy's annual shareholder meeting, CEO and Chairman Don L. Blankenship assured attendees that, "We are not only positioned to sustain our operations in this difficult environment, but we are also in a position to make acquisitions and add to our market share should appropriate opportunities result from the weak market."

During the meeting, Massey Energy also reported that their profits were up for the fourth year in a row; production was up 4 percent and increased profit for the 4th time in the past 5 years. Massey also announced that the company's executives and members across the board would take pay cuts to keep costs in line for their more than 6,700 person workforce in West Virginia, Virginia, and Kentucky.