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Archive for the 'Funding new coal' Category

Last week news emerged that Hargreaves Services CEO Gordon Banham and Group Commercial Director Kevin Dougan pocketed £8.75 million between them through a sale of shares, supposedly for “long term tax planning” reasons. [1] Campaigners and community activists in Scotland have slammed what they see as a return to the days when Scottish Coal shareholders […]

Coal Action Scotland media release: for immediate use 24th April 2013 Media contact: media@coalactionscotland.org.uk Scottish Coal ask courts to allow them to walk away from opencast sites as Hargreaves directors set up Restoration Trust on Energy Minister’s behalf Campaigners are outraged by what they say is a despicable petition to the Court of Session in […]

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Whilst a lot has happened in the past few days – secret meetings for MSPs, the liquidation of the UK’s largest opencast operator – a picture of the deal that Fergus Ewing and Russel Griggs are trying to strike to save the opencast industry is increasingly coming to light. Announcements of a new trust for […]

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ATH Resources entered administration last week after its spiraling debt was called in by it’s financiers. The financial company responsible for this, Better Capital, have stated that they are ready to invest £15 million in the ATH and the subsidiary that actually does the mining, Aardvark TMC, but at a price. Their money would only […]

Yesterday evening Ayrshire Power withdrew their plans for a new coal-fired power station at Hunterston on Scotland’s west coast – a great victory against new coal. They are also withdrawing from the current CCS demonstration project funding competitions, and the Public Local Inquiry set to take place this Autumn for the plans will also not […]

A few years ago a massive new coal-fired power station construction programme was announced, involving 7 new ones and the first to be built in the UK for 30 years. Since then, not a single one has gone ahead, with some like Kingsnorth in Kent being put on hold indefinitely, the replacement of Cockenzie in […]

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Julio Cesar Gomez, President of FECODEMIGUA, the Federation of Communities Displaced by Mining in La Guajira, recently visited Scotland to exchange stories of resisting coal extraction, and to rally support for his communities efforts to stop the expansion of the world’s largest open cast coal mine, El Cerrejón, in Colombia. Longannet Coal Fired Power Station, […]

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After SRG (Scottish Resources Group) pulled out of their IPO (initial public offerings, or stock market flotation) at the last minute in June, and seemed to be delaying until next year, the latest is that they’re putting off plans indefinitely because of value concerns. Palmaris Capital, a major shareholder in SRG revealed that potential investors […]

A Scottish Resources Group  (Scottish Coal) press release last week highlighted the companies intention to float on the London stock market by way of an initial public offer (IPO) to investors. SRG is looking to raise new capital of approximately £25 million to “refinance the acquisition of a surface mine site with reserves of approximately […]

A Scottish Government news release has listed Douglas & Angus Estates, the company repsonsible for Lord Home’s land and at the centre of the battle over an open cast coal mine at Mainshill Wood, as one of 16 winners of grants totalling £1.1 million from the Scottish Biomass Heat Scheme. This grant is awarded to […]

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»Tell the Scottish Government: Opencast moratorium and public inquiry now!
02/17/2014«
»“Deficient” and “Defective”: East Ayrshire Council going down with their ship
02/03/2014«
»The Caudlhall Decision: What next? What happened?
11/28/2013«
»Shame on you Midlothian Council: Cauldhall decision shows lessons haven’t been learned
11/19/2013«
»No opencast in Midlothian! Support campaign to stop massive new mine
11/16/2013«
»“No different to Scottish Coal” say campaigners as Hargreaves bosses pocket £8.75 million
10/27/2013«
»Opencast Mine Clean-up Cost Estimates Double: “Government must act” says community group
09/14/2013«
»¡No Pasaran! Stop the forced eviction of villagers to make way for British-owned mine!
08/27/2013«
»Open letter calls for coal mine moratorium and public inquiry as Energy Minister refuses to meet impacted communities
06/24/2013«
»The restoration bombshell has finally been dropped
05/24/2013«

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