Group Overview
Our Locations
BRITAIN’S BIGGEST PRODUCER OF COAL, UK COAL SUPPLIES AROUND 5% OF THE COUNTRY’S ENERGY NEEDS FOR ELECTRICITY GENERATION AND EMPLOYS 3,100 PEOPLE WITHIN THE GROUP.
ONE OF BRITAIN’S LARGEST BROWNFIELD SITE PROPERTY DEVELOPERS, UK COAL OWNS A SUBSTANTIAL LAND PORTFOLIO, WHICH IT IS IN THE PROCESS OF DEVELOPING.
MINING AND POWER
DEEP MINING
The Group operates 4 deep mines, located in Central and Northern England. The Group has reserves and resources of over 100 million tonnes at these mines.
SURFACE MINING
At the end of 2007, the Group had 6 active surface mines and planning consent to mine a further site. The Group has applied for planning consents for a further 4 mines and expects to make applications for a further 6 sites during 2008. Total surface mining reserves available for planning are estimated at approximately 97 million tonnes.
POWER GENERATION
UK COAL has 29 MW of electrical power generation capacity, utilising waste gas from mines. It is actively pursuing the development of alternative power generation opportunities, including wind farms and has recently acquired planning consent for its first 9 MW wind farm.
HARWORTH ESTATES
UK COAL owns some 46,500 acres (18,818 hectares) of predominantly agricultural land. Within this, some 3,696 net acres have been identified as offering prime prospects for development into a mix of residential, business park, distribution and community developments over the medium to longer term.
At 31 December 2007, the Group’s property interests, excluding the deep mine sites, had a current open market value of £411 million. We estimate, however, that, with the benefit of currently envisaged planning consents, at 2007 prices, our land portfolio would have a worth of some £935 million by 2012, and in excess of £1 billion by 2013, in each case with the potential for further development phase value uplift.