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Last Updated: Sunday, 20 August 2006, 23:21 GMT 00:21 UK
Coal mine invests 37m in future
Powerfuel's Richard Budge and Joy Mining chairman David Johnson
The deal is significant for both Powerfuel and Joy Mining Machinery
The owners of a UK coal mine have bought state-of-the-art machinery worth 37m - the biggest such UK order in over 20 years.

The cutting and ancillary equipment will be used at Hatfield Colliery near Doncaster in South Yorkshire.

It closed in 2004 but will be fully operational next year.

The six deep mines operating in the UK produce 10m tonnes of coal annually but there is uncertainty over the industry's future.

'Milestone'

Hatfield is having a re-investment programme to develop coal reserves and hopes to produce two million tonnes of coal per year by 2009.

The equipment is being bought from Joy Mining Machinery at its factories in Worcester, Wigan and Pinxton on the Derbyshire-Nottinghamshire border.

Powerfuel's chief executive Richard Budge said: "This is the biggest single order for mining equipment for many years and underlines our confidence in coal and the role it will play in meeting Britain's energy needs for decades to come.

"This is a further major milestone in the re-birth of Hatfield. The equipment is proven technology, manufactured in the UK by a company with the highest reputation on the world stage for quality and performance."


SEE ALSO
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