Coal miner Massey's CEO says seeking acquisitions
* Says actively looking to make acquisitions
* No comment on India, Alpha, ArcelorMittal interest
* Stock rises 2.7 percent
By Steve James
NEW YORK, Nov 17 (Reuters) - Massey Energy Co MEE.N, thought to be a takeover target after revealing it was mulling strategic options, is looking to make acquisitions of its own, the coal mining company's chief executive said on Wednesday.
"There will be a separate focus on M&A (mergers and acquisitions) and joint venture opportunities," Don Blankenship told a Dahlman Rose & Co mining industry conference.
During a presentation to investors, Blankenship said the U.S. coal industry is ripe for consolidation, especially in Central Appalachia, where producers are facing permitting, capital and liquidity constraints .
"Massey is prepared to use a portion of cash reserves for acquisitions," he said.
The comments came a few days after India's state-run Coal India Ltd (COAL.BO: Quote) said it was in talks to buy mines from Massey and another U.S. coal producer, Peabody Energy Corp (BTU.N: Quote). Continued...