Hatfield Colliery, UK's first clean coal plant has fallen into administration after failing to raise enough cash to undertake upgrade and expansion plans.
The firm, which employs 380 people, needed to raise £635 million. It also required £30 million to carry out upgrade works to the Hatfield mine.
The financial problems arose after the 51 per cent shareholders, Russia's second largest coal firm KRU, decided it could not afford to put any more funding into the business.
For many years now Russia has been buying up Coal companies and coal stocks, all around the world, 19 companies in the US, underground stocks in UK.
Why are we and the US allowing Russia to dominate our future fuel supplies?
