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Tuesday, March 29, 2011

Massey (MEE) Cited for Over 80 Safety Violations

After a series of special inspections by the federal Mine Safety and Health Administration in February, troubled coal miner Massey Energy (NYSE:MEE) was cited for over 80 safety violations

Director Joe Main said in a statement, "MSHA has been conducting these targeted inspections for nearly a year and, while some operators have been responsive and showed a willingness to change, others continue to commit the same serious violations."

"We treat citations seriously and we are working diligently to constantly improve safety at our operations," said Massey spokesman Jeff Gillenwater.

Massey closed Monday at $67.19, down $1.04, or 1.52 percent.

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