Nearly 500 jobs have been safeguarded after one of the UK's last remaining deep coal mines was sold.
Before the sale UK Coal owned five deep-cast mines across the UK
Maltby Colliery, near Rotherham, South Yorkshire, has been sold by UK Coal to one of its biggest customers, Hargreaves Services, for £21.5m.
The new owner said all 470 workers at the pit, which dates back to 1907, would keep their jobs.
Hargreaves owns the Monckton Coke and Chemical Company which consumes 25% of the coking coal produced at Maltby.
The firm is also the largest importer of coal in the UK.
As part of the sale, Hargreaves signed a new three-year contract with the UK's biggest coal-fired energy plant, Drax Power Station in North Yorkshire.
Maltby Colliery made losses of £18.2m last year.
Before the sale, UK Coal owned five deep mines employing about 4,000 people in the north of England and the Midlands.
Hargreaves has recruited Allan Houghton, a former British Coal executive, to run Maltby's operations.
The company's chief executive Gordon Banham said: "The acquisition will safeguard the jobs of approaching 500 employees who work there and I am delighted to take Maltby forward as part of the enlarged Hargreaves group."