The options could include selling to another coal miner or a private-equity firm, buying another company or remaining independent, the report said.
A source told the
that Massey could by mid-November be engaged in "detailed due diligence" with one of these options.
The company's general counsel told the newspaper that Massey's constantly looking at M&A opportunities, but wouldn't divulge details until the plans were set.
Last spring, an explosion at a Massey mine in West Virginia left 29 miners dead and the company under intense scrutiny.
Shares of Massey stock had climbed 8.6% to $38.56 shortly after the opening bell Tuesday.
-- Written by Andrea Tse in New York.
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