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Table 2) UK Coal plc’s Estimate Profit and Loss Accounts for Deep and Surface Mines 2001- 2008 5

UK COAL ANNUAL REPORT

DEEP MINE ANNUAL LOSS (£M)

SURFACE MINE ANNUAL PROFIT (£M)

PAGE No. IN THE ANNUAL REPORT

2001

    -25.O

+ 10.9

4&5

2002

-5.9

+ 16.4

45

2003

-8.5

+ 0.66

51

2004

-37.8

+ 4.06

4 & 43

2005

-31.8

+ 3.3

9

2006

-29.0

+ 0.5

14

2007

-14.6

+ 8.5

14

2008

-14.1

+ 10.4

18 & 23

TOTAL

  -166.7m

 +54.72m

NET POSITION  2001 - 2008

 CULMULATIVE  LOSS OF £112m

   ON COAL OPERATIONS

This has resulted in UK Coal plc accumulating an estimated total of nearly £167m of losses on its deep mine operations over the period 2001–2008 (see Table 2). This analysis suggests that if the proportion of surface mined coal falls significantly below 20% of UK Coal’s production  the future viability of its deep mines is threatened. Table 3 summarises the recent history of the production from deep mines between 2004 -2007. UK Coal plc has, therefore, been severely affected by intense levels of competition over the supply of feed stock to UK Generators to the extent that its coal production has been more than halved in the last eight years.

Table 3 UK Coal plc’s Recent Levels of Production from its Deep Mines 6

MINE

          LEVEL OF PRODUCTION ON AN ANNUAL BASIS (MILLION TONNES)

2004

2005

2006

2007

2008

DAW MILL

3.0

2.0

2.7

2.2

3.2

KILLINGLEY

0.9

2.0

2.1

1.8

1.2

THORSLEY

1.1

1.4

1.5

1.4

0.9

WELLBECK

0.9

0.5

1.2

1.0

0.9

HAWORTH

0.9

0.8

0.5

     MOTHBALLED

UK COAL plc: AN ALTERNATIVE REPORTPAGE 10

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