Tower of Strength in Wales | tutor2u Economics

image

Miners from Tower Colliery, Wales’ last deep mine, have marched for the final time marking its closure. 13 years ago the miners of Tower Colliery took the gamble that they could run the pit at a profit and raised £2m to bring about a management buy out of the threatened mine from UK Coal. Their risk-taking paid off and in the intervening years, over 600,000 tonnes of coal has been excavated from the seams. One of the leaders of the group - Tyrone O’Sullivan - has written a book about the history of Tower and the battle to save the pit. This is available from Amazon. But today (25th January 2008) the colliery closed the mine’s future sealed by the simple fact that deep underground, the coal has run out.

This BBC audio-visual report from BBC wales news is a strong and vivid piece and could easily be used as an illustration of structural change in the economy, the risks of unemployment and also some of the multplier effects that can kick in when a major employer closes down.

New drift and open cast mining is expanding in Wales and this will provide job opportunities for many of the miners formerly employed at Tower Colliery. For the remainder, many of whom are approaching retirement, the key will be the value that they can extract from the sale of the colliery land.

More background here:
http://news.bbc.co.uk/1/hi/wales/7191668.stm

First coal taken from new Welsh drift mine
http://news.bbc.co.uk/1/hi/wales/6925416.stm

Subscribe to email updates from the tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u

A New Home for tutor2u Resources

We've just flicked the switch on moving all our digital resources to instant digital download - via our new subject stores.

For every subject you can now access each digital resource as soon as it is ordered. This will always be the latest edition of each resource too (and we'll update you automatically if there is an upgraded version to use).

Simply add the required resources to your cart, checkout using the usual options and your resources will be available to access immediately via your mytutor2u account.