UK COAL AID
April 1st, 2002
BY ALAN OSBORNTHE EUROPEAN Commission today (Wednesday) approved UK state aid totalling about Pounds 4 million for four coal mining operations: North East Surface Mines, (Pounds 739,000) AND Central Surface Mines, (Pounds 832,000), both owned by H.J. Banks and Co Ltd; Coalpower Ltd's Hatfield Colliery, (Pounds 1.16 million) and LAW Mining Ltd's Ayrshire Coalfields, (Pounds 1.33 million). The aid, which will cover operating losses in 2001, will help the mines improve their competitive positions by reducing production costs, enabling them to "continue their ...
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