Massey Energy acquires West Virginia river barge facility
- July 9, 2010
Richmond-based coal company Massey Energy has acquired the Marmet Dock river barge loading facility from Kanawha River Terminals LLC.
The facility is located on the Kanawha River near Marmet, W.Va.
Massey President Baxter F. Phillips Jr. said the acquisition would save the company transportation costs by shipping more coal on the river rather than rail. In addition, the dock facility will allow Massey to blend coal from several resource groups, allowing to create custom coal products at higher prices.
The barge is located near Massey’s operations on Route 3 and the company’s Inman, Black Castle and Republic resource groups.