British coal privatization procedures

Journal Article · Wed Jun 01 04:00:00 EDT 1994 · Engineering and Mining Journal; (United States)

OSTI ID:7059625

The form in which British Coal is to be privatized has finally been announced. Offers are to be invited for the operating underground and opencast mines which will be grouped into five regionally based companies. Additionally, offers will be invited for a number of collieries which are currently under care and maintenance. The five Regional Coal Companies to be formed are Central North, which will comprise the assets in the Yorkshire and Durham coalfields, including the five collieries in the Selby Complex; Central South, which will contain the assets located in the Nottinghamshire, Leicestershire, Derbyshire, and Warwickshire coalfields; North East, which has four opencast sites, Scotland, which has nine operating open-cast sites and a single underground mine, Longannet; and South Wales with its nine operating opencast sites. Tower colliery, the last underground mine in South Wales, was finally put on care and maintenance on April 20, 1994. Details of the five Regional Coal Companies are given. A new public sector body, the Coal Authority will be set up to which all British Coal's title to unworked coal and coal mines will be transferred. All the relevant property rights and liabilities of British Coal will be transferred into the Regional Coal Companies prior to their sun.

• OSTI ID: 7059625
• Journal Information: Engineering and Mining Journal; (United States), Journal Name: Engineering and Mining Journal; (United States) Vol. 195:6; ISSN 0095-8948; ISSN ENMJAK
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000* -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
COAL INDUSTRY
COAL MINES
DEVELOPED COUNTRIES
EUROPE
INDUSTRY
LEGAL ASPECTS
MAINTENANCE
MINERAL RIGHTS
MINES
OWNERSHIP
PUBLIC ENTERPRISES
UNDERGROUND FACILITIES
UNITED KINGDOM
WESTERN EUROPE