Cumbria coalmine is owned by private equity firm with Caymans base

West Cumbria Mining, which set up Whitehaven office during push for new mine, owned by EMR Capital

What is the Cumbrian coalmine and why does it matter?

The first deep coalmine to be dug in the UK in a generation is ultimately owned by an international private equity company, with executives whose mining interests have stretched to Russia, Asia, Africa and across Australia.

West Cumbria Mining positioned itself as a local company with an office in Whitehaven, and promised it would provide jobs for people in the area, during its campaign for permission to extract 2.8m tonnes of coking coal a year from the site.

Continue reading…

(SOURCE) https://www.theguardian.com/environment/2022/dec/08/cumbria-coalmine-is-owned-by-private-equity-firm-with-caymans-base

Share:


Related Posts

Rolls-Royce expects UK approval for small nuclear reactors by mid-2024

Boss says he hopes to be providing power to the national grid by...

China signals it may lift ban on Australian coal, but any benefits likely modest after exporters switch to other markets

Queensland Resources Council says industry would welcome restrictions easing but new long-term customers...

Leave a Comment

Your email address will not be published. Required fields are marked *

Add Comment *

Name *

Email *

Website