Mining business for sale in Scotland

Mon, 13 Jul 2015 | BUSINESS SALE

A mining business in Ayrshire, Scotland, owned by the Kier Group, is up for sale as part of Kier's “ongoing approach to capital discipline”.

The company posted a stock market announcement explaining the Greenburn mine near New Cumnock, a flagship opencast mine, has been prepared for sale and discussions are ongoing with a potential buyer.

A total of 6.5 million tonnes of coal has been extracted from the mine since 2004 and permission has already been granted for another 1.5 million tonnes. It is heralded as something of a showpiece due to Kier's good management of the site and the fact that the company has already restored or backfilled some 470 acres on the site.

A spokesperson for the Scottish Government noted that the mine is an important economic contributor, but also observed that it is important that surface mines like Greenburn are “appropriately restored”, indicating that the government will be keen for Kier's successor to maintain the good work.

The spokesperson added: “It is therefore essential that any potential buyer of the Greenburn site provides financial assurance that all associated restoration obligations will be fully implemented.”

Kier is the fourth-largest construction company in the UK. The firm recently completed the acquisition of infrastructure consultant Mouchel for £265 million, which has helped deliver ongoing organic growth and boosted its total order book to £9.3 billion as of 31 May 2015.

There has not been any indication of the estimated sale price of Greenburn mine as yet.


View other businesses for sale in Scotland.


Share this article



Latest Businesses for Sale

BMW After Market Specialist
UK Wide

A rare opportunity to acquire a long established, profitable, BMW After Market Specialist, with an excellent reputation. Trading profitably since 1994. Offering complete automotive performance, engineering and styling solutions. This is a retirement...

Asking Price: Offers Invited
Turnover: £726,000

Provider of Coffee Machines & Related Products
South East, UK

Provides an extensive range of coffee machinery, which is imported from Italy and Spain, and coffee products, which are sourced within the UK. Offers invited.

Asking Price: Offers Invited
Turnover: £1,000,060

FREEHOLD


International Export Services
North West, UK

One of the UK's leading end-to-end service providers. Comprehensive export handling, packing and storage services, providing specialist cargo and goods management to a wide variety of international operations and private clients. 40+ years of success...

Asking Price: Offers Invited
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
24
 
Jan
 

Yorkshire engineering firm completes MBO deal | MBO/MBI

A West Yorkshire engineering group has been taken over by th...

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
04
 
Jul
 

Construction group Kier to jettison Mouchel Consulting | DIVISION SALE

Construction group Kier is gearing up to sell off Mouchel Co...

 
31
 
Jul
 

Leading steel specialist in administration | ADMINISTRATION

Leading steel fabrication specialists Kierbeck Thames has en...

 
03
 
Jul
 

Kier Group FPS sold in MBO | MBO/MBI

Kier Group's Fleet and Passenger Services (FPS) divisio...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources