UK Coal (UKC-LN)

QUOTE AND NEWS
Reuters  Apr 10  Comment 
* Hargreaves Services to loan UK coal 5 mln stg (Updates with details on Hargreaves Services loan)
Financial Times  Apr 4  Comment 
Investor considering ‘all options’ if government turns down appeal for bailout as two of Britain’s three remaining deep pits face threat of closure
Reuters  Apr 3  Comment 
UK Coal, Britain's largest coal producer, has applied for a 10 million pound government loan to help fund the closure over the next 18 months of its two deep mines which employ around 1,300 people.     
BBC News  Apr 2  Comment 
UK Coal could close both its deep mines within two years with the loss of 1,300 jobs as it fights to stave off insolvency.
Financial Times  Apr 1  Comment 
UK Coal owns Thoresby mine in Nottinghamshire and Kellingley in Yorkshire, and has £500m of pension liabilities
WA Business News  Dec 18  Comment 
Eden Energy will continue to wait to sell its entire UK coal seam methane and shale gas portfolio for up to £11.5 million ($21 million), due to UK-based buyer Shale Energy failing to complete a £7 million capital raising for the purchase.
guardian.co.uk  Nov 15  Comment 
Concessionary fuel allowance guaranteed for 1,500 ex-mineworkers, says chancellor Up to 1,500 former miners are to receive £1,300 worth of free coal – or £600 in cash – a year after George Osborne intervened to extend a special fuel...
Financial Times  Aug 6  Comment 
UK Coal rejected a bid to buy its surface mines in favour of a restructuring that could cost British companies millions of pounds in pension payments
BBC News  Jul 22  Comment 
UK Coal warned about safety risks at Daw Mill Colliery several months before a major fire, the BBC's File on 4 reports.
guardian.co.uk  Jul 9  Comment 
Pension Protection Fund, the government-sponsored pensions lifeboat scheme, takes over responsibility for partially honouring pension promises The retirement savings of 7,000 past and present mineworkers at UK Coal, Britain's largest coal mining...




 
TOP CONTRIBUTORS

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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