Opened in 1837 by the 2nd Marquis of Bute who died in 1848 leaving the colliery to his son. In 1881 the colliery was offered for sale at £100,000 but there were no takers. In 1890 the colliery passed into the ownership of the Consett Iron Co Ltd
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Garesfield Coal Mine belongs to the Durham & Northumberland Coalfield region.