- Published: Wednesday, 01 April 2009 05:00
- Written by E&MJ News
U.K. Mining Invests, Suppliers Profit
In the midst of a major economic crisis the UK has been marking the 25th anniversary of the labor dispute that played a significant part in the decline of the coal mining industry. Somewhat ironically, while the financial sector situation has been worsening equipment suppliers have been reporting a number of considerable purchases by British coal mining companies. Some involve Scottish opencast coal sites (OCCS), others underground operations— including the first English deep coal mine reopened for many a year—by PowerFuels [CHK] at Hatfield Colliery. Beneficiaries include Liebherr, Terex and Sandvik.