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ODBA Gold TWO

Monday, April 21, 2008

Is Coal Still King?

Well according to local businessman George Hunnicutt

"Coal may not be king, but it is still chairman of the board."

InRich has a pretty good article on the coalfields and the changes being made. They hit the bottom line with the reality of mining here in SWVA

Mining continues to provide some of the highest-paying jobs in the seven most southwestern counties.

The average weekly wage of $1,064 is about $55,000 a year. But many coal companies pay retention bonuses for skilled workers, and a miner with overtime (not uncommon in the tight labor market) can earn $100,000 a year. Benefits include fully paid health insurance, life insurance and 401(k) plans.

Indeed. Lets not forget how important that medical card for the miner and his family is. Thanks to Jerry From on High for the link to this article.

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