National Geographic : 2001 Jun
New entrepreneurs arepulling the economy out of the slump broughtabout by the decline of heavy industry.A group of miners pooled their severancepay and bought Tower Colliery (left) after the Britishgovernment closed it in 1994. Now the country's only deep-pit coal mine, it operates at a profit. "We're going to rebuild Wales," says Glyndwr Roberts, one of the new owners, "andTower is going to be there in the middle of it." Foreign-ownedhigh-tech companies such as LG Electronics (above) are contributingto the recovery. Wales'sfirstfive-star hotel, the St. David's, opened in 1999 as part of the redevelopment of Cardiff,the capital (below). CardiffBay, once the world's busiest coalport, became a lake with the recent completion of a dam at its mouth.