Bloomberg Businessweek

In Coal Country, Signing Bonuses Are the Buzz

Coal output in southern West Virginia has shot up in the last year

• Rising prices fuel optimism in Appalachia. But will it last?

• “Mainstream investors are now looking at coal again”

Before dawn on Friday, April 7, a miner named Cameron Justice stopped at a gas station in Mingo County, W.Va., to grab two cans of Monster Energy drink before heading underground. He could use the jolt. The barrel-chested 37-year-old works six eight-hour shifts a week at the Ruby Energy mine in the heart of West Virginia coal country. Last year he was lucky to get four shifts. “We’re booming,”

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek13 min read
The Zillion-dollar Convenience Store
Seven years ago, Jeff Bezos started an ambitious effort to rid the world of checkout lines. Has Amazon Go invented a new retail paradigm or a ridiculously expensive way to sell lunch?
Bloomberg Businessweek7 min read
Management Lessons From The Moon
Five things we can learn from how NASA put astronauts on the moon and brought them safely back 50 years ago
Bloomberg Businessweek3 min read
Redesigning Glaxo
When GlaxoSmithKline Plc bought cancer-treatment maker Tesaro for $5.1 billion last year, skeptics panned the deal, and the stock tumbled. On July 15 a key medicine acquired in the transaction yielded positive results, a small victory in Chief Execut