About UK Coal
UK COAL is Britain's biggest producer of coal, supplying around 5% of the country's energy needs for electricity generation. The Group has three deep mines located in Central and Northern England with substantial reserves and employs 2,900 people. It had six active surface mines producing around 1.7 million tonnes of coal a year in 2009. Total surface mining coal reserves, including projects being worked and in planning, are in excess of 50 million tonnes.With substantial land and property interests, UK COAL develops and regenerates brownfield sites, manages business parks on former mine sites and manages a substantial agricultural portfolio of land and buildings.
UK COAL's property interests were valued at June 2010, at £384 million.
UK COAL utilises waste gas from mines to generate electricity, and has received planning permission for the development of the Group's first two wind farms, with other schemes being pursued in collaboration with Peel Energy.
It is the Board's policy to manage the coal business to maximise the generation of cash and optimise the income and value creation from its property portfolio and power generation business.
