A new company was incorporated on 15 April 1999, as a company limited by guarantee; it is named The Llanelli and Mynydd Mawr Railway Company Ltd, therefore reviving the name of the former operator albeit with the later Llanelli spelling. The primary objective of the company is to reinstate a railway on the historic line. A heritage centre will also interpret the history of coal mining in the area and in particular the industry which the railway served.