New colliery to mine coal seam worth £200m.
People are being invited to buy shares in a new colliery which is expected to start mining in September.
New Crofton Co-Op Colliery is expected to mine around 200,000 tonnes of coal a year, creating 50 jobs and supplying to the power industry.
The £11.5m mine is being set up as a workers' co-operative which will see profits re-invested into social enterprises.
It is being backed with a community share issue which the Coalfield Community Investment Society Ltd (CCIS), set up to raise funds for the mine, hopes will raise £1m by the end of June.
http://www.wakefieldexpress.co.uk/news/business/business-news/new-colliery-to-mine-coal-seam-worth-200m-1-7191455