In 2005, the mine was cited by the federal Mine Safety and Health Administration (MSHA) 208 times for violating regulations, up from 68 in 2004. Of those, 96 were considered significant/serious and substantial (S&S). According to a January 4, 2006 article in the "New York Times", federal records showed that their inspectors had fined the Sago mine "more than $24,000 for roughly 202 violations in 2005". Anindya Mohinta, a London-based mining analyst with J.P. Morgan, questioned Ross for investing so heavily in the coal industry "because of myriad government safety and environmental regulations" the coal industry "requires so much capital investment to improve bankrupt assets." Mohinta said that the "human risks of investing in businesses like coal mines have an "act of God" component and it is risky for new companies in the sector to know where and when to spend money for maintenance and prevention."