Industry Analysis & Industry Trends
In both European and global terms the United Kingdom is a minor producer of coal. Production has fallen sharply since the early 1970s, plunging as mines were closed in the mid-1980s. This trend has continued in the past decade, although it reversed slightly between 2009 and 2011. Industry revenue is expected to decrease at a compound annual rate of 20.7% over the five years through 2016-17, reaching £322.2 million. During the current year, revenue is anticipated to drop by 18.6%. The fall over the past five years largely reflects the effects of plummeting global coal prices since 2011, which heavily affected industry operators. A number of firms have been unable to weather the storm and have been forced to exit the industry, while others have struggled to continue operating... purchase to read more
Industry Report - Industry Locations Chapter
Scotland accounts for 44.2% of industry establishments. This high number reflects the geology of the Central Belt around the Clyde and Ayrshire. These areas have traditionally been heavily involved in coal mining and the associated activities. The industry here is dominated by opencast mining; the last deep mine closed in 2002 after running into financial difficulties that led to liquidation. Opencast mining predominantly takes place in Ayrshire, Fife, and Dumfries and Galloway, with many of the mines owned by Hargreaves Services. Scotland's share of the industry has increased slightly over the five years through 2016-17, mainly due to more closures in mining regions of England.
This region accounts for 17.3% o.. purchase to read more