Page 20 - Industry Average News Today

Explain the exact cause of the worst mining disaster in four decades. but a closer look at the government watchdog charged with enforcing mine safety provides insight to the root of the problem. the mine safety and health administration suffers from political lobbying, and fundamentally weak in several areas. add in our third story on the "countdown" as arianna huffington points out, the same broken regulartory conditions describe what preceded the 2008 economic meltdown. she joins me in a momen...

It may be too soon to explain the exact cause of the worst mining disaster in four decades. but a closer look at the government watchdog charged with enforcing mine safety provides the root to the problem. the mine safety and health administration suffers from political lobbying, and fundamentally weak in several areas. add in our third story on the "countdown" as arianna huffington points out, the same conditions describe what preceded 2008s economic meltdown. she joins me in a moment. earlie...

It may be too soon to explain the exact cause of the worst mining disaster in four decades. but a closer look at the government watchdog charged with enforcing mine safety provides the root to the problem. the mine safety and health administration suffers from political lobbying, and fundamentally weak in several areas. add in our third story on the "countdown" as arianna huffington points out, the same conditions describe what preceded 2008s economic meltdown. she joins me in a moment. earlie...

Are about grief and sadness, is there any anger right now directed toward the massey energy company, which had 54 violations in the last 12 months with this mine? >> reporter: alex, there is a lot of anger directed at massey energy. theres some family members who in the early hours of this tragedy accused don blankenship, the companys chief, of putting profits over peoples lives, but massey has been careful to say that they have been sort of industry average in terms of violations, in terms of c...

I want to begin with a statement that is on the massey website. it says its company, this is company wide, had an all time best safety record. it also notes sixth consecutive year, 17 of the past 20 years in which masseys safety performance was stronger than the industry average. it also lists some awards for safety. none of them at the mine in question. lets take a closer look at the violations. this is the upper big branch south mine. this is where the men died in the explosion. 240 citations ...

Are going to live here, you will probably end up working in the mine. >> shepard: the danger a fact of life for folks like him and all of them. james rosen continues our team fox coverage from washington. tell us more about the safety record of this particular company, james. >> well, you know, shep, its not just poor safety compliance. its also poor government enforcement that is plaguing mining in america. massey claims its rate fell to all time low and safety record last year was stronger tha...

Latest tragedy has, in fact, occurred. its also the second time in four years coal miners have died at a massey-owned west virginia facility. in 96, the deaths of two miners triggered a record $1.5 million fine from federal mine safety administration experts. in the last years, massey, the largest coal miner in central appalachia has been cited for advises. however they say the safety record has been stronger than the industry average. but again, safety issues with massey, procedures related to ...

Of the recall population, and any older one technically it is not possible. therefore, we think we have it covered, but we do not, you know, stop it there. we carefully monitor the situation by the next year with this new model with bos coming in with retroactive actions, we are quite sure that we will very much lower than the industry average. >> i yield to the gentleman from california. >> thank you, mr. chairman. the chairman has proven he can ask a question so complex as to even be difficult...

Situation. by the next were with this new model coming in, these retroactive actions, well be quite sure it will be very much lower than the industry average. >> i yield to the gentleman from california. >> thank you, mr. chairman. the chairman has proven that he can ask a question so complex as to even be difficult for people of your great knowledge, and it doesnt surprise me. let me ask in a different way the same question so we all on the dais have clarity. ill put this to you. in order to us...

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