Banks Group hits extraction milestone
 
Mon, 10th November 2014
 
 

Banks Group hits extraction milestone

For the first time in Banks Mining's 38-year history, one million tonnes of coal has been extracted from one of its sites within the company's financial year, which finished at the end of September.

The 150-strong team at the Shotton surface mine in south east Northumberland hit the milestone after investing heavily in new equipment and training.

The Shotton site is scheduled to remain in production until 2018, with full restoration set to be completed during 2019. The coal produced in the last year was enough to meet the annual electricity consumption needs of more than 417,000 homes.

The Durham-headquartered family business has worked in the area for more than three decades and currently employs more than 200 staff, contributing about £35m to the regional economy every year through wages, investments and the local supply chain.

Gavin Styles, executive director at Banks Mining, said: "The coal we produce at Shotton provides substantial numbers of jobs for local people, supports domestic industry and electricity generation, creates considerable capital for investment in community improvement projects, heats homes across our region and helps to provide a responsible and reliable source of indigenous coal that reduces the UK's reliance on imports.

"Everyone involved with Shotton has worked hard over the last year to improve productivity and have also done so in the right way."


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category North East  |  source Insider Media