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Welsh coal miner Energybuild (EBG:AIM) has formed a joint venture with Coal Recovery Investments (CRI), a specialist in retrieving coal from disused tips. The two companies are hoping to extract 270,000 tonnes of coal over 2.5 years, selling to the industrial coal market. CRI mainly works in Poland but also has a UK permit. A site in south Wales is ready to start and CRI has carried out preliminary investigations on further prospective targets nearby. Energybuild believes its Aberpergwm mine could also host a recovery operation. Existing mining operations at this deposit are forecast to produce 20,200 tonnes in the year to June. The company hopes to produce 265,000 tonnes of coal the following year as expansion plans come to fruition.

by: Dan Coatsworth