Falling property prices and production shortfalls hurt UK Coal
29th January 2010
UK COAL warned today that it expects to announce pre-tax losses of £115m after a difficult year.
The Doncaster-based group blamed poor performances at some of its mines, delayed planning permission and lower valuation of its properties for the anticipated loss.
In 2008, the group announced a pre-tax loss of £15m.
It said that its deep mining operations had experienced a difficult final quarter with production expected to be around 1.2m tonnes.
Production at its surface mines fell slightly f......for the full story register now for free or login below...





