Australian firm 'looking to open Cumbria mine'

Australian firm 'looking to open Cumbria mine'

The mining industry is one that has been missing from the Cumbrian coast in recent times, but that could all be about to change if one Australian company has its way and is allowed to start work on a particular site. Riverside Energy, which is based in Melbourne, wants to raise enough cash to begin exploring under the sea just west of Whitehaven, reports the News & Star. It needs £13 million to make the project become a reality and it has enlisted the help of stockbroking firm RFC Ambrian to help it raise the required capital. Should it be successful in raising the £13 million in question, the company would then draw up a plan to extract the coking coal it believes is under the sea at the location. Coking coal is extremely useful as it can be used to make steel, although it is not the same as thermal coal, which is used for heating and power generation. John Bishop, chairman of Riverside Energy, has suggested there may be as much as a billion tonnes of coal under the sea off Cumbria that is waiting to be extracted. If the firm is able to do so, it could create plenty of mining jobs in the area as a result. Graham Melville, who represents Mirehouse on Cumbria County Council, said: "My father used to work the mines. There are a lot of people who would probably welcome the return of this type of industry." Another councillor, Wendy Skillicorn who represents Kells and Sandwith, added: "I would absolutely love to see something come from it and will be watching with interest." British Coal carried out a study of the area in the 1980s and 1990s, although it was forced to abandon its plans to mine in the region due to cost. But Dr Bishop is more positive that something can be done this time around, as he said Cumbria's "excellent infrastructure" makes it a good place to conduct mining activities in the modern day.

Please rate

Comments 

Ctrl + Enter

Most Read

80% of IT projects in public sector delayed due to IR35

80% of IT projects in public sector delayed due to IR35

The vast majority of UK government IT projects are suffering severe delays due to freelancers quitting over the IR35 tax clampdown. In April, the government shifted responsibility for compliance with the IR35 legislation from the individual contractor to the public body or recruitment agency. The

Innogy and Statkraft win contract at 860 MW UK wind power plant

Innogy and Statkraft win contract at 860 MW UK wind power plant

Norway’s state-controlled hydropower company Statkraft and Germany-based energy company Innogy have won a tender in the Contract for Difference (CFD) auction in the UK for their 860 MW Triton Knoll offshore wind power project.The wind farm off the coast of

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.