Improving Daw Mill a priority – UK Coal
UK Coal has agreed land sales worth £18m and is on track to meet production targets for the year, the company said today.
Problems at the company’s Daw Mill operation, near Coventry, offset higher production levels but overall the company mined 7.5m tonnes over the course of the year, up from 7.2m in 2010.
The company described improving the development of Daw Mill as a “key priority” for 2012 starting with “intensive intervention” in its day to day management.
Doncaster-based UK Coal also revealed it had recorded a £3m profit on property sales for the year and has exchanged contracts on deals worth a further £18m.
The company is in the middle of a three year recovery plan launched after the arrival of chairman Jonson Cox in 2010.
A central plank of that plan is control of labour costs and today UK Coal confirmed it had reached agreements on working practices that should hold costs at 2010 levels until the end of 2013.
