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
A new dawn for energy

Our experts pick the stocks to buy

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.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking