U.K. Helps Doomed Hatfield Coal Mine

GALWAY, IRELAND--January 14, 2015 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The U.K. government has approved a loan to allow the doomed Hatfield coal mine to continue operating until its scheduled closure in May next year.

The South Yorkshire coal mine will be the last underground mine in the country when it shuts next May, with the loss of 500 jobs. Owned by the employee-led Hatfield Colliery Partnership (HCPL), the £8 million ($12.1 million) loan will be used to develop a new seam and prevent the mine from going into immediate insolvency.