The maxim “when in a hole, stop digging” does not apply to UK Coal, which has raised £100M to help turn itself around.
Formed from the rump of the UK coal industry, UK Coal has struggled since its formation, mainly due to legacy contracts which did not reflect increasing international coal prices and the need to modernise the four operational deep pits it mines....
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This complete item is approximately 1000 words in length, and appeared in the September/October 2009 issue of CoalTrans International, on page 32.
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