Open cast miners in Kirkconnel will keep their jobs despite ATH Resources being forced into administration.
Aardvark TMC, a subsidiary firm of the mining company, which runs the mines in Kirkconnel and New Cumnock, will continue to trade.
KPMG were appointed joint administrators of ATH Resources plc after its biggest lender, BECAP Capital Coal Limited forced it into administration on Wednesday.
The administrators will be looking at the restructuring options for the trading subsidiaries including selling the businesses.
A spokesman for KPMG said: “The mines will continue to trade and operate as normal and are unaffected by the administration of their parent company.
“We’re now looking at all the options, including a sale of the business, working with the directors and the other key stakeholders to try and find a solution sees trading of the parent company continue.
“The board will make further announcements as necessary in due course.”
In May ATH Resources deferred plans to expand its Glenmuckloch opencast coalmine north of Kirkconnel, axing 11 jobs with managers set to cut 60 more. The expansion bid was backed by Dumfries and Galloway Council and would have safeguarded 90 jobs.
ATH planned to revisit the plan if coal prices recovered and insisted they would re-engage the workers who have been made redundant.
A public consultation will be held in Kelloholm next week to highlight proposals for the continued overland conveyor at Glenmuckloch surface mine to Crowbandgate, New Cumnock at the Village Pride Office, Nith Buildings on Wednesday, December 12 between 12.30pm and 7.30pm.