Business
Tower Colliery Planning Decision
Tower Colliery Planning Decision.
About this update from Hargreaves Services Plc
[{"type":"text","content":"\n \nRNS Number : 7765K Hargreaves Services PLC 21 July 2011 \n \n\n \n\n\n\n\nFor immediate release\n\n\n21 July 2011\n\n\n\n\n \n\n \n \nHARGREAVES SERVICES PLC \n(the \"Group\" or \"Hargreaves\")\n \nTower Colliery Planning Decision\n \n \nHargreaves Services plc (AIM: HSP), the UK's leading supplier of solid fuels and bulk material logistics, is pleased to announce that Rhondda Cynon Taf (\"RCT\") Borough Council has resolved to grant planning permission for the Tower Colliery project, subject to certain conditions.\n \nFollowing the delays in obtaining the planning approval, the Group expects production activities to commence shortly after the final conditions associated with the grant of planning permission have been satisfied. \n \nThe Group can also confirm that it has entered into contractual discussions with the boards of Tower Regeneration Limited and Tower Colliery Limited to explore the possibility of Hargreaves Services plc taking on responsibility for the operation of the site. If such a contract is concluded, it will be constructed on a cost-plus arrangement. \n \nDespite the delays in obtaining planning, the existing infrastructure on the site should allow for a rapid commencement of operations.\n \nEngagement will now take place with the RCT Council to finalise a Section 106 agreement. This agreement will formalise key conditions associated with the planning application. An analyst briefing will be arranged as soon as this has been further progressed.\n \n \n \nFor further details:\n \n\n\n\n\nHargreaves Services\nGordon Banham, CEO\nIain Cockburn, Finance Director\n\n\n0191 373 4485\n\n\n\n\nBuchanan \nTim Anderson\nJames Strong\nCatherine Breen\n\n\n0207 466 5000\n\n\n\n\nBrewin Dolphin \nMatt Davis\n\n\n 0845 213 1000\n\n\n\n\nRBS Hoare Govett Limited \nStephen Bowler\n\n\n &nbs...