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Unity Mine owners file for administration | Unity Mine owners file for administration |
(35 minutes later) | |
The owners of Wales' largest drift mine are filing for administration, it has been confirmed. | The owners of Wales' largest drift mine are filing for administration, it has been confirmed. |
The future of the Unity Mine near Neath has been uncertain in recent months after management said they only had work for 66 staff out of 220. | The future of the Unity Mine near Neath has been uncertain in recent months after management said they only had work for 66 staff out of 220. |
Richard Nugent, director with Unity Mine Limited, said the company had been "forced into the process of filing for administration". | |
He added the workforce would be maintained until further notice. | |
"Unfortunately the Unity Group of Companies have been forced into the process of filing for administration whilst discussions continue about the future direction of the mine," he said. | |
"Fundraising negotiations are continuing with various parties and the current workforce will be maintained until further notice." | |
In September 2012 the BBC reported that 94% of all Welsh coal came from opencast sites, the remainder from drift mines. | |
Despite producing a small proportion of Welsh coal, the four underground pits in Wales employ nearly 600 people. | |
The vast majority work at two pits in the Neath Valley at Unity and Aberpergwm. | |
Unity Mine opened in 2007 with reserves of up to 90 million tonnes of coal. |