UK Coal (UKC-LN)

QUOTE AND NEWS
guardian.co.uk  Nov 2  Comment 
Data points to unprecedented decline of two-thirds this year due to doubling of carbon tax and low gas price The amount of electricity generated from UK coal power stations is on track to fall by two-thirds this year, a decline which analysts...
guardian.co.uk  Feb 4  Comment 
Consumers assured that electricity supplies for this winter will remain unaffected by closure of most of Fiddler’s Ferry near Manchester The UK government and the electricity regulator moved on Thursday to reassure consumers that they will not...
Reuters  Feb 3  Comment 
* Power plant gained capacity market contract for 2018/19 (Updates throughout)
BBC News  Nov 18  Comment 
The UK's remaining coal-fired power stations will be shut by 2025, energy secretary Amber Rudd proposes.
guardian.co.uk  Jul 10  Comment 
Last pit in Nottinghamshire closes, with the loss of hundreds of jobs, with owner UK Coal saying final mine in Yorkshire will shut later this year The UK has been left with just one deep coal mine after the closure of the last pit in...
Reuters  Feb 19  Comment 
The European Commission has opened an in-depth investigation into Britain's plan to use public funds to pay for the conversion of a coal plant at Lynemouth, northern England, to biomass, saying it is concerned Britain may be paying too much.
BBC News  Sep 26  Comment 
UK Coal confirms it has secured the funding needed to avoid the immediate closure of two deep mines.
Financial Times  Aug 25  Comment 
Border region of England and Scotland attracts Australian investors who believe the extraction of coking coal for steelmaking can be a viable business
Reuters  Jun 12  Comment 
The British government and investor Harworth Estates are continuing talks with UK Coal and other stakeholders over a loan to allow the managed closure of the company's mines, they said on Thursday, after another potential lender pulled out.
Financial Times  Jun 11  Comment 
Aim-quoted miner was to put £5m into a £20m package of commercial loans to UK Coal to help it to manage an 18-month wind-down of its business




 
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UK COAL PLC is a United Kingdom-based company engaged in surface and underground coal mining, property regeneration and management, and power generation. The Company operates four deep mines, located in Central and Northern England. Its deep mines business consists of Daw Mill (Warwickshire), Kellingley (Yorkshire), and Thoresby and Welbeck (Nottinghamshire). It has reserves and resources of over 100 million tons at these mines. As of December 31, 2007, the Company had six active surface mines. Total surface mining reserves available for planning are estimated at approximately 97 million tons. It has 29 megawatts of electrical power generation capacity, utilizing waste gas from mines. The Company owns some 46,500 acres (18,818 hectares) of predominantly agricultural land. In May 2008, the Company announced that its joint venture company with Hargreaves Services plc, Coal4Energy Limited has acquired a majority share in Maxibrite Limited.

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