ITV News understands that the owners of the Unity Mine in Neath are filing for administration.
Around 200 people currently work at the site.
Local AM, Gwenda Thomas, told us: "It is extremely regrettable that Unity mine has gone into administration."
I sincerely hope that the administrators can find new owners for the mine, and preserve the miners’ jobs and the future of the apprentices. Welsh Government officials continue to be in discussion with the mine.
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It's certainly not the brightest of starts to the day, with drizzly rain in places.
It will feel much milder tonight that it did last night, with patchy showers around the coasts.
Well what a difference a day makes! It's the calm after the storm today!