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UK Coal
UK Coal Production Ltd, formerly UK Coal plc, was the largest coal mining business in the United Kingdom. The company was based in Harworth, in Nottinghamshire. The company was a constituent of the FTSE 250 Index. The successor company that contains the former property division, Harworth Group, is still listed on the London Stock Exchange.
The predecessor company of UK Coal was founded by Richard J. Budge in 1974 as RJB Mining. In 1994, following the privatisation of the UK mining industry, it grew fivefold with the acquisition of British Coal's core activities. It changed its name to UK Coal in 2001 after the retirement of its founder, having acquired UK Coal plc.
At year end 2008, the company estimated coal reserves and resources of 105 Mt at the mines, of which 45 Mt was accessible under existing five year mining and investment plans. Its most important customers were electricity generators.
In 2010 the company proposed a series of developments, mainly open-cast mining, including the Minorca mine project development in Measham, Leicestershire. However, UK Coal exited surface mining in late 2014, so these plans did not materialise.
In 2012, UK Coal were fined £200,000 after pleading guilty to breaching health and safety laws after a death of a miner at Kellingley Colliery. One deep mine, the Welbeck colliery, in Nottinghamshire closed in 2011 after continuous production since 1912. Another deep mine, Daw Mill at Furnace End, Warwickshire, closed in 2013 after an underground fire damaged much of the facilities.
On 10 April 2014, Reuters reported that the British government was to give UK Coal a £10 million loan to help fund the closure of its two remaining deep mines. The company will carry out a managed closure of the deep mines by Autumn 2015 and will seek a buyer for its surface mines.[needs update] UK Coal's difficulties were precipitated by a flood of U.S. coal on to the market, as a result of shale gas development, and by the strength of sterling.
Thoresby Colliery was closed in July 2015, while Kellingley Colliery ceased production on 18 December 2015, with ownership to be transferred to Harworth Estates for future redevelopment.
Three surface mines in North East England were owned by UK Coal Surface Mines Limited (company number 08492512) which went into administration on 14 November 2014. The business was then sold to UKCSMR Limited (company number 09275881). The three surface mines are Butterwell and Potland Burn in Northumberland and Park Wall North in County Durham.
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UK Coal
UK Coal Production Ltd, formerly UK Coal plc, was the largest coal mining business in the United Kingdom. The company was based in Harworth, in Nottinghamshire. The company was a constituent of the FTSE 250 Index. The successor company that contains the former property division, Harworth Group, is still listed on the London Stock Exchange.
The predecessor company of UK Coal was founded by Richard J. Budge in 1974 as RJB Mining. In 1994, following the privatisation of the UK mining industry, it grew fivefold with the acquisition of British Coal's core activities. It changed its name to UK Coal in 2001 after the retirement of its founder, having acquired UK Coal plc.
At year end 2008, the company estimated coal reserves and resources of 105 Mt at the mines, of which 45 Mt was accessible under existing five year mining and investment plans. Its most important customers were electricity generators.
In 2010 the company proposed a series of developments, mainly open-cast mining, including the Minorca mine project development in Measham, Leicestershire. However, UK Coal exited surface mining in late 2014, so these plans did not materialise.
In 2012, UK Coal were fined £200,000 after pleading guilty to breaching health and safety laws after a death of a miner at Kellingley Colliery. One deep mine, the Welbeck colliery, in Nottinghamshire closed in 2011 after continuous production since 1912. Another deep mine, Daw Mill at Furnace End, Warwickshire, closed in 2013 after an underground fire damaged much of the facilities.
On 10 April 2014, Reuters reported that the British government was to give UK Coal a £10 million loan to help fund the closure of its two remaining deep mines. The company will carry out a managed closure of the deep mines by Autumn 2015 and will seek a buyer for its surface mines.[needs update] UK Coal's difficulties were precipitated by a flood of U.S. coal on to the market, as a result of shale gas development, and by the strength of sterling.
Thoresby Colliery was closed in July 2015, while Kellingley Colliery ceased production on 18 December 2015, with ownership to be transferred to Harworth Estates for future redevelopment.
Three surface mines in North East England were owned by UK Coal Surface Mines Limited (company number 08492512) which went into administration on 14 November 2014. The business was then sold to UKCSMR Limited (company number 09275881). The three surface mines are Butterwell and Potland Burn in Northumberland and Park Wall North in County Durham.