The death of King Coal

The UK coal industry once employed 1.2 million people. Now, two of the last three underground mines are about to close. What went wrong? Matthew Partridge investigates.

What’s happening?

Two out of the three remaining underground pits in the United Kingdom are scheduled for closure in the next two years, with the planned loss of 1,200 jobs.

UK Coal, which currently runs the mines at Kellingley in Yorkshire and Thoresby in Nottinghamshire, as well as six surface pits, argues that in addition to the closures, it will need an extra £10m from the government to survive [...]

MoneyWeek magazine

Latest issue:

Magazine cover
Paying by mobile

Why your phone will replace your wallet

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

Which investment platform?

When it comes to buying shares and funds, there are several investment platforms and brokers to choose from. They all offer various fee structures to suit individual investing habits.
Find out which one is best for you.