A woven polyester flag with the yellow and white British Coal logo on a blue background. This flag once hung at Maltby Main Colliery.
In 1987 the NCB became the British Coal Corporation. In 1994, the 16th and last Coal Industry Act transferred the industry-wide administrative functions of British Coal to the newly created Coal Authority. All economic assets were privatised, the English mining operations being merged with RJB Mining to form UK Coal PLC forming a monopoly exempted from EU competition laws. British Coal was wound up on 26 January 1997.