The British government may acquire assets in Coalfield Resources plc (LSE:CRES) (UK Coal), as per plans being discussed by ministers to protect some or all of the it's ailing pension scheme. Michael Fallon, Energy Minister of Britain, is exploring whether the Coal Authority might take over assets or operations linked to Daw Mill in order to allow the rest of UK Coal to escape financial crisis. He added, "We are looking at whether the ownership of Daw Mill can be transferred back to the Coal Authority."

Coalfield Resources plc announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue from continuing operations was £8,000. Operating profit was £116,000 compared to £1,585,000 million a year ago. Loss before tax was £349,000 compared to £1,946,000 a year ago. Loss for the  year from continuing operations s £339,000 or 0.1 pence per basic and diluted share against £2,646,000 or 0.9 pence per basic and diluted share a year ago. Loss attributable to owners of the parent was £6,325,000 or 2.1 pence per basic and diluted share against £55,241,000 or 18.5 pence per basic and diluted share a year ago. For the period, the company reported Daw Mill produced 1.4 million tonnes against 2. 1 million tonnes for full year in 2011. The combined surface mines produced 2.0 million tonnes against 1.8 million tonnes in 2011. The estimated level of annual production assumed in calculating the discounted cash flows decreased by 5%.

Coalfield Resources plc announced that they will report fiscal year 2012 results on Apr 30, 2013