Miners' buyout of Kellingley scrapped

An employee buyout deal to save Kellingley Colliery has been scrapped. Letters went out today telling miners that the deal - which would have seen workers invest two thousand pound each - would not not raise enough money to secure the site's future. It means Kellingley will close in December 2015.

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Miners left reeling after pit buyout collapses

For four months the six-hundred miners at Kellingley Colliery in North Yorkshire have been working as one to try to save the pit by buying it themselves.

But last night the workers buyout was shelved after they were told they would have to take on the debts of the doomed Thoresby colliery in North Nottinghamshire.

They say they were kept in the dark about this.

Tina Gelder reports:

Deal collapse sparks war of words

A bitter war of words has broken out after the collapse of a workers' buyout of Kellingley Colliery.

The NUM says the men at Kellingley were shocked to be told they would have to take on the debts of Thoresby Colliery in North Nottinghamshire which is also facing closure.

But UK Coal has accused the union of misleading the miners about the full implications of a buyout:

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Yorkshire MP visits Kellingley miners

The MP for Normanton, Pontefract and Castleford has visited miners at Kellingley Colliery following news that their buyout of the pit had been scrapped.

Yvette Cooper MP meets miners at Kellingley

Yvette Cooper MP is expected to speak to miners gathered outside the colliery and take part in a question and answer session.

The deal reportedly fell through after Kellingley miners were asked to take on the £8 million debts of the nearby Thoresby mine, which is also set to close.

Miners gather at Kellingley after buyout deal falls through

NUM chief on failed Kellingley buyout

"We don't need to make millions but we need to make some money for a rainy day but this latest cost just cripples the plan. As it stands the pit will close in December 2015. "We have done our best. It's not worked out but we have done our best. If I had not done everything I could I would have questioned it for the rest of my life."

– Keith Hartshorne NUM
The miners' buyout of Kellingley Colliery has been scrapped Credit: ITV Yorkshire

Miners buyout of Kellingley Colliery collapses

A buyout of Kellingley Colliery by the miners has been scrapped.

The miners buyout of Kellingley Colliery has collapsed Credit: ITV Yorkshire

The National Union of Mineworkers had been working on a deal which would have seen workers invest £2,000 each to keep the pit open until 2020.

But letters went out today from the NUM telling miners that the deal would not not raise enough money to secure the site's future.

The NUM says they were being asked to take on the £8 million debts of the doomed North Nottinghamshire Thoresby pit.

Today's news means Kellingley will close in December 2015. More details are expected to be released by the NUM and UK Coal tomorrow.

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