It is reported that UK Coal Plc issued interim management statement for the third quarter.

The company reported that third quarter production from all mining operations was 1.8 million tonnes, down from 2.3 million tonnes in the prior year quarter. Output in the third quarter, and in particular in September, was behind original expectations for all four deep mining operations, for unconnected reasons, with the surface mining operations being affected by wet weather.

1. Revenues for all businesses for the third quarter were GBP 119 million.
2. Deep mines output in the quarter were 1.5 million tonnes, lower than 1.9 million tonnes last year.
3. Surface mine operations output in the third quarter was 0.3 million tonnes, flat with a year ago.

As per report, the company now expects full-year sales to total around 8 million tonnes, compared to earlier expectations of around 8.7 million tonnes. The company expects full year Deep Mine sales to be no more than 6.2 million tonnes and Surface Mines to realize 1.8 million tonnes.

The company concluded that its overall results for the year would be significantly below its previous expectations, owing to the changes in the production outlook for the year, coupled with the market price for coal.