Jobs to be created at former colliery

Yorkshire-based RecyCoal, which recovers coal from disused mines and waste spoil heaps
before selling it to energy providers, expects revenues of more than £60m over four years from the site at Rossington, near Doncaster.

The agreement with Lloyds Bank includes loans to fund the redevelopment of the spoil heap at Rossington and construction of on-site plant, as well as hedging facilities to support the firm’s overseas expansion.

The business is looking at further UK sites to redevelop as well as overseas opportunities and it intends to use Rossington, which closed as a colliery in 2007, as a base to train employees before assigning them overseas.

RecyCoal’s finance director, Steven Beaumont, said: “This latest agreement is crucial to our ongoing growth.”