FORMER RJB Mining and UK Coal chief, Richard Budge has unveiled plans to reopen the Hatfield colliery in Yorkshire, UK by May of next year as a reflection of the revived fortunes in the UK coal industry. Mr Budge - or King Coal as he's dubbed due to him once buying up most of the UK coal industry- has taken advantage of continued high international coal prices and governmental concern over energy security by breathing life into the previously mothballed Yorkshire colliery. With financial backing being filtered through his recently floated new company - Powerfuel - King Coal is planning to mine 27 Mt of coal at Hatfield between 2007 and 2023 and there are plans in the pipeline for the construction of a clean coal power station on the Hatfield site with operation projected to be by 2009.
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