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

South Glamorgan, Wales, UK

Beautifully presented restaurant in Cardiff. Affluent trading area. Run under management. Stunning premises, beautifully presented throughout. Offers invited.

Asking Price: £230,000
Turnover: £650,000

Dental Surgery
Derbyshire, UK Wide

Peak District/Stockport Postcode Area. Very well-established Private Family Dental Practice. Excellent high street location and with good transport links. Offers invited.

Asking Price: £870,000
Turnover: £636,000


Mediterranean Bar & Restaurant
Darwen, Lancashire, North West, UK

Prominent Town centre location. Imposing detached property. Newly refurbished in 2015. Customer seating for 110. High end fixtures and fittings. Offers invited.

Asking Price: £550,000
Turnover: £520,000

View more businesses for sale

News Search

Latest News


28 Oddbins stores saved after acquisition by unnamed buyer | BUSINESS SALE

28 Oddbins stores will remain open after the off-licence ret...


Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...


Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


Construction group Kier to jettison Mouchel Consulting | DIVISION SALE

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


Leading steel specialist in administration | ADMINISTRATION

Leading steel fabrication specialists Kierbeck Thames has en...


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