Maltby Colliery at risk of closure, Hargreaves Services says

Coal mountain Hargreaves Services bought the mine in 2007

Related Stories

A deep coal mine in South Yorkshire which is one of the last left in the country is at risk of closure, its owners have warned.

Maltby Colliery in Rotherham, which employs about 500 people, was forced to abandon a new "panel" of coal due to safety fears earlier in the year.

Unusually high levels of water, oil and gas were found at the site.

Owners Hargreaves Services said the results of a full investigation were expected later this month.

A spokesperson said: "We anticipate that the abandonment of the T125 panel would lead to the mothballing or even closure of the mine as it would probably be uneconomic to switch production to a later panel due to the long face gap entailed."

The mine produces in excess of one million tonnes of coal a year, with 60% of its supply used by Europe's largest coal-fired power station, Drax in the East Riding of Yorkshire.

Since Hargreaves issued a profit warning in May it said its share price had fallen by 20%.

However chief executive Gordon Banham insists the company is strong enough to absorb any possible closure after finding international coal with a similar specification to Maltby coal.

Maltby Colliery, which has produced coal for more than 100 years, was bought by Hargreaves Services in February 2007.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

Weather

Sheffield

14 °C 10 °C

Features

  • PlanesTest of nerve

    WW1 fighter pilots who navigated using a school atlas


  • Pauline Borghese What the butler saw

    Scandalous tales from the British embassy in Paris


  • A baby holds an adult's fingerSmall Data

    The time when the average age of death was zero


  • League of LegendsBattle for glory

    On the ground at League of Legends World Championship's final


  • Vinyl record pressing in AustraliaVinyl vibe

    Getting into the groove with Australia's last record maker


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.