THE WEST AUSTRALIAN
Thursday, 08 November 2012 07:09
British mining, transport and engineering group Hargreaves Services said it would stop mining at its Maltby coal mine in South Yorkshire due to unsafe conditions, putting at risk about 500 jobs.
The mine supplies Drax Group’s power station in North Yorkshire — Europe's largest coal-fired power plant.
Hargreaves said in August that the mine faced the risk of being closed down or mothballed because of worsening geological problems.
The company said it could not find a viable alternative plan for the mine, and employees and their union representatives can table alternatives by 30 November.
Geological reports indicated mining at Maltby was risky, and the T125 panel there was not viable on health, safety, geological, and financial grounds, Hargreaves said.
The company said in May that delays in mining a new coal seam would reduce profit by 12 million pounds ($18 million) to 16 million pounds ($24.5 million) for the year ending May 2013.
Shares in the company were up 0.7 per cent at 732 pence at 1123 GMT on the London Stock Exchange on Wednesday.
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