Britain's biggest coal producer has reshuffled its business and has safeguarded 2,500 jobs nationally, 800 are in Coventry.
Coalfield Resources, formerly UK Coal, has split into two businesses. A mining arm called Mine Holdings and property division Harworth Estates.
The group previously warned that Daw Mill, in Coventry, could close by 2014. It also has a deep mine in Thoresby in Nottinghamshire.
The reshuffle of Britain's biggest coal producer has safeguarded 2,500 jobs across the UK.
UK Coal has split its operations into two businesses after the company, which generates around 5% of Britain's electricity requirements, slumped to a loss in the first half of the year as production at Daw Mill mine near Coventry plunged.
The new reshuffle is said to have safeguarded jobs at the Coventry-based mine.