A developer has revealed plans to mine coal at former Midlands industrial site prior to its redevelopment as a mixed-use scheme.
Developer Maximus plans to build 1,300 homes on the site, at Clay Cross in Derbyshire, for which planning permission was obtained in 2006, along with offices, hotels, factories, a country park and sports complex.
But with the housing downturn and the price for coal rising sharply, Maximus is now looking to temporarily cash in on the energy market. The company estimates there is 70,000 tonnes of coal at the site which will take 12-18 months to extract.
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Posted on 14th August 2008
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