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Durham mining firm sell Hatfield Colliery business

Durham minerals firm, Hargreaves Servicles plc have sold their Hatfield Colliery Limited business and assets to an employee benefit trust.

The colliery, at Stainforth in South Yorkshire, played a starring role in the 1996 comedy Brassed Off, and will now be operated by Hatfield Colliery Partnership Limited.

Hargreaves has assisted in the restructure by, among other things, entering into a new contract with HCPL on substantially the same terms as the existing off-take contract, which had approximately one year left to run.

Hargreaves has also entered into a further off-take contract that extends into the second half of 2015.

A major landslide on the colliery’s spoil heap earlier this year caused problems with the Doncaster to Goole and Scunthorpe lines close by.

Gordon Banham, CEO of Hargreaves, commented: "It has been a very challenging period for Hatfield with the combination of the landslip and recent geological problems. Hatfield remains a major employer in the Doncaster area with over 400 direct employees.

"Significant efforts and progress have been made by all the stakeholders and employees at Hatfield to improve the efficiency of the operation.

"I would also like to acknowledge and applaud the role that ING Bank have played during the past two years. ING have remained supportive and their professionalism has been key in enabling this highly complex restructure to take place. Hargreaves understands the challenges of operating a deep mine and, whilst focussing on our successful surface mining assets, we will continue to assist the operation in any way we can."

#North East #acquisitions #energy #environment

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5 responses

adrian poole

adrian poole

12 months away from final nail in the coffin
jason fretwell

jason fretwell

Ive just finished at hatfield this year and gone to another job because it just is not safe but with all the coal in massive reserves still down there this country needs it….to me this pit has to go back in the goverment hands as it does really as in the coal authority…....it needs to be modernised on top to get the coal out faster that was the problem there…...goverment hands a modern pit its still got 100 years left easy…...why not it makes sence
adrian cutts

adrian cutts

Badly managed pit total shambles.hargreaves milked it for all they could.90% notts miners work there so not even local jobs.will only last 12 months if that.first time coal stops coming out no wages will be paid just like last time.nobody want s coal hence the massive investment at Hinckley point.its a shame but you’ve got to move with the times and coals for cavemen.
anom

anom

Recently work there gud set ov lads.is true mainly notts miners employed there which is ironic due to there lack of support in 1984.most ov men who lost there jobs was Yorkshire num members. The men work hard in tough conditions but are let down by the belts and machinery not running.which is down to no mantenance and wrong choices being made from them with the big hats on.management try there best but most are not fit for purpose.men are scared to voice there opinions as they would then suffer from bulling tactics that Av been brushed under the carpet before.i wish them all the best for the future and i hope coal does Av a future for good lads i worked with there but i Av t be honest they are up against it . They do Av a genuine man at the top who will do all he can for them just hope that’s enough.maggie got what she wanted in the end but at least the notts miners who work there will Av a good pension to draw eh.
H

H

Won’t last long all problems at this colliery are from poor planning by the management the only way for this pit is to get the right management for the job who will listen to the men doing the job. I can’t see past 6 months if things don’t change they laid off 100+ men before Christmas and now having to employ contractors at more of a cost makes no sense. Shame this is happening but one thing keep ya head up high lads cause we have done nothing wrong to cause this mess

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