UK Coal posts loss

PUTTING a £65 million 2009 operating loss behind it, UK Coal will push to start up new faces at Kellingley, Thoresby and Daw Mill this year but already faces major hurdles.
UK Coal posts loss UK Coal posts loss UK Coal posts loss UK Coal posts loss UK Coal posts loss

Thoresby mine, courtesy UK Coal

Angie Tomlinson

The start-up of Daw Mill has been pushed back to the end of March rather than the end of February as the crew faces difficult geological conditions.

Daw Mill went through a rough patch at the end of 2009 with reduced dispatches due to a higher than usual proportion of dirt in the panel. The mine produced 2.9 million tonnes for the year, down from 3.2Mt in 2008.

New face start-ups at Kellingley and Thorsesby remain unchanged, set for late February and mid-March respectively.

UK Coal produced 7Mt overall in 2009, 5.65Mt of which was from its deep mines.

Deep mining operations had a difficult December quarter, producing 1.2Mt compared to 1.8Mt last year.

Despite the production decreases, 2009 was a good year for development crews with deep mines increasing development metreage by 38%. Overall driveage for the year was 19.8km.

Revenue for 2009 was £317 million, with the full-year loss before tax and exceptional items at £115 million.

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