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UK Coal (UKC-LN)
Analysis
SUMMARY
BULLS
BEARS
QUOTE AND NEWS
Parts of UK Coal may be nationalised after colliery fire closes pit
guardian.co.uk  May 12  Comment 
Ministers discuss returning parts of UK Coal to public ownership in attempt to save retirement savings for 6,000 members Troubled parts of UK Coal, Britain's largest coal mining business, could return to public ownership under plans being...
UK Coal denies fire sale report
BBC News  May 1  Comment 
UK Coal has denied a newspaper report that it is looking to put itself into voluntary liquidation, after a fire at a colliery in February.
UK's largest coal producer 'seeks voluntary liquidation'
guardian.co.uk  May 1  Comment 
Up to 2,000 jobs at risk after UK Coal Operations hit by £300m losses and 'disastrous' Daw Mill mine fire Britain's largest coal miner, UK Coal, is fighting for survival as it grapples with the consequences of the devastating fire that closed...
UK Coal says in talks on future of remaining mines
Reuters  May 1  Comment 
UK Coal Mine Holdings Ltd said it remained in talks with several interested parties on the future of its remaining deep mines, which the company said continued to be viable, after a fire forced the company to permanently shut its Daw Mill...
UK Coal strives to save mines after crippling fire
Reuters  May 1  Comment 
UK Daw Mill coal mine operator warns on fire impact
Reuters  Feb 25  Comment 
A major fire at its Daw Mill Colliery could threaten the viability of operator UK Coal, its chief executive warned on Monday, hitting shares in listed shareholder Coalfield Resources.
Warwickshire mine under threat after huge underground fire
guardian.co.uk  Feb 25  Comment 
More than 100 miners escaped safely at Daw Mill colliery but the future of the site is now in doubt, says UK Coal More than 100 miners at a closure-threatened colliery have been safely evacuated after a severe underground fire. The operators of...
RWE starts carbon capture at UK coal plant
Reuters  Jan 17  Comment 
RWE has captured the first tonne of carbon in a UK pilot project, the company said on Thursday, bringing it a step closer to applying a technology that could significantly reduce climate-warming emissions from power plants.
UK Coal debt deal keeps mines open
Mining Weekly  Dec 10  Comment 
UK Coal, Britain's biggest remaining coal miner, said it had avoided an imminent debt default and the closure of operations after completing a major debt restructuring deal with shareholders. But the company, which on Monday changed its name to...
UK Coal completes restructure
Financial Times  Dec 10  Comment 
Deep pits given a chance of survival as the company is split into mining and property and control of its coal mines are given to its pension funds
Investors vote on plan to save UK Coal
Financial Times  Nov 4  Comment 
Shares in the UK’s largest coal producer, which is struggling with falling prices, rising costs and a pension fund deficit, have plunged 80 per cent since start of the year




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Vanden Bowen

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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