http://www.rothbiz.co.uk/2013/07/ne15 Jul 2013 20:38
Based on the Advanced Manufacturing Park in Rotherham, it is one of the largest landowners in the UK with access to over 30,000 acres of land. One key regeneration project is the £100m Waverley community development in Rotherham.
In a statement, Coalfield Resources, stated that "following today's further restructuring of the mining business, CfR plc will have no equity interest in, nor any responsibility for, on-going mining operations." Instead, the focus will be on realising the gross property assets of Harworth Estates, that at December 2012 were valued at £261.9m.
Coalfield Resources added that it expects to undertake equity fundraising in the next few months to help repay a £5m banking facility. One of the company's leading shareholders remains the Peel Group, the massive private real estate, transport and infrastructure investment company.