Maltby pit still going strong

MALTBY Colliery's parent company is hoping to continue meeting 2009 targets despite the recession, it was announced on Monday.

At Hargreaves' AGM on Monday, chairman Tim Ross said: "Management remain confident of achieving market expectations for the year and are happy with progress being made across the group, in particular with the continuing development of the RocPower initiative and discussions toward securing contracts in the coke markets."

"The group will continue to report on these initiatives as they develop."

Hargreaves supplies products and services to the energy, waste and mineral sectors. The company bought the pit in 2007 for 21.5m, safeguarding 500 jobs and pushing the lifespan to 2025.

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