About UK Coal
UK COAL is Britain's biggest producer of coal, supplying around 7% of the country's energy needs for electricity generation. The Group has four deep mines located in Central and Northern England with substantial reserves and employs 3,500 people. It has seven active surface mines and has received planning permission for a further site. Total surface mining coal reserves, including projects being worked and in planning, are approximately 97 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 31 December 2006, at £343 million.
UK COAL owns a power generation business utilising waste gas from mines to generate electricity, and has received planning permission for the development of the Group's first wind farm.
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.