Thoresby colliery is on a countdown to closure. Coal production is expected to cease on or about July 10, with the closure leading to the loss of 500 jobs. Thoresby is one of just three deep mines left in the country. It is situated between Edwinstowe and Ollerton in Nottinghamshire. Pit operators UK Coal had wanted to extend the life of the mine by three years, and also that of Kellingley colliery in Yorkshire, but the Government refused the extra £338million needed, with Business Minister Matthew Hancock claiming it did not represent value for money for the taxpayer. However, the Government has provided a £4m loan, at commercial rates, for the managed closure of the two pits.
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