By Purchasing Staff -- Purchasing, 5/8/2008 2:00:00 AM
U.S. coal miner Massey Energy says coal prices will average $61-63/ton this year, up $8 from its prior forecast. Massey says coal prices will stay high enough to allow it to spend an extra $90 million on mining expansion this year, for a grand total of $310 million. Massey also boosted its 2009 forecast to $65-74/ton from $57-59 and jacked-up its 2010 outlook by up to 24%.
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