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Gold/Mining/Energy : Coal -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (206)	1/4/2006 1:38:59 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 2031

<<It's terrific news and a much better outcome than I expected after i heard about the high levels of CO inside the mine. Those rescued miners will have an amazing story to tell, that's for sure. No money, profit or good can ever pay for a single persons live.>> That last part is so true. Check out the last sentences in this update, FWIW, Wilbur seems to want to change things for the better. 12 of 13 trapped miners survived: NYT By MarketWatch Last Update: 1:01 AM ET Jan. 4, 2006 SAN FRANCISCO (MarketWatch) -- Twelve of 13 men trapped in a West Virginia coal mine for 41 hours after an explosion early Monday were found alive late Tuesday night, according to a media report. The body of the 13th miner was found 11,200 feet from the entrance to the International Coal Group Inc. mine at Sago, W. Va.,in the north-central part of the state about 100 miles from Charleston, the New York Times reported in its online edition. The men were being examined at the mine shortly before midnight Eastern and would soon be taken to nearby hospitals, the Times said, citing local officials. There were no immediate injury reports or estimates of overall damage to the mining operation, the Times reported. The cause of the explosion, which came about 6:30 a.m. Monday in an unused part of the mine that had been sealed just last month, remained unclear, the Times said. The danger to the miners was from the persistent high levels of carbon monoxide inside the mine, the Times said. By Tuesday evening, monitors had showed carbon dioxide readings of more than 300 parts per million in some sections of the mine, more than 10 times the amount considered safe, the Times said, citing company officials. ICG is a company formed by investor Wilbur Ross to expand and consolidate holdings in the U.S. coal industry, according to the company's Web site. The Sago mine was part of the assets of Anker Coal Group Inc., which ICG bought in 2005 for $173.25 million in stock and assumption of $25 million in debt. Federal inspectors fined the Sago mine more than $24,000 for roughly 202 violations in 2005, the Times said, citing federal records. The total figure is likely to rise because the federal mine-safety agency has yet to put a dollar figure on some citations, according to the Times. Since June, the mine has experienced 15 roof falls or wall collapses, with three causing injuries to miners, an unusually high numbers, the Times reported, citing federal records and a former federal mine official. A company official said the mine's "bad history" had occurred before ICG took it over last year, adding that dramatic improvements had been made since then, the Times reported.