Alkane Energy buys coal mine methane assets from Maltby Colliery

Alkane Energy has agreed to acquire coal mine methane (CMM) assets from Maltby Colliery, a subsidiary of Hargreaves Services.

Alkane Energy has agreed to acquire coal mine methane (CMM) assets from Maltby Colliery, a subsidiary of Hargreaves Services.

The company is paying an initial consideration of £5.5m cash with an additional £2.0 payable upon completion of the full closure of the mine which is expected in first half of 2014.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.