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| Unions considering 'buyout' of Kellingley Colliery | Unions considering 'buyout' of Kellingley Colliery |
| (35 minutes later) | |
| Unions say they are looking at an employee buyout of one of England's last remaining deep coal mines. | Unions say they are looking at an employee buyout of one of England's last remaining deep coal mines. |
| UK Coal announced plans in April to close Kellingley Colliery in North Yorkshire with the loss of 700 jobs. | UK Coal announced plans in April to close Kellingley Colliery in North Yorkshire with the loss of 700 jobs. |
| The government said it would loan the cash-strapped firm £10m to execute an 18-month "managed closure" of its two deep mines; Kellingley and Thoresby Colliery in Nottinghamshire. | |
| The National Union of Mineworkers said it would look at a five-year plan. | |
| Keith Hartshorne from the union said: "If everything stacks up, we are looking at an employee buyout at the end of this, which would leave Kellingley run by the workforce." | |
| UK Coal said it would close both pits with the loss of 1,300 jobs by the end of 2015 in a bid to avoid insolvency. | |
| It blamed its financial problems on the global market with falling coal prices, on top of a fire which destroyed, and subsequently closed, its Daw Mill Colliery in Warwickshire. | |
| Staff at Kellingley were balloted by the National Union of Mineworkers last month over plans for a phased closure and 79.9% voted in favour. | |
| If the two sites close in 2015, it will leave employee-owned Hatfield colliery in South Yorkshire as Britain's last remaining deep mine. |