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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ath Resources | LSE:ATH | London | Ordinary Share | GB00B013H730 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
TIDMATH
RNS Number : 3473X
ATH Resources plc
14 February 2012
Press Release 14 February 2012
ATH Resources plc
("ATH Resources" or the "Group")
Legacy Contracts
Following the announcement on 16 December 2011 of a renegotiation of one of its legacy contracts, ATH Resources plc (AIM: ATH), one of the UK's largest coal producers, announces that the Group has also successfully renegotiated the terms of a second legacy contract. Under the new terms of the contract which are effective from 2 January 2012, there will be an increase in the selling price per tonne in consideration for additional options being granted over future coal supply beyond the end of the current contract. This increase should assist in further alleviating the pressure on the Group's margins being caused by the recent fall in the price of coal at a time when gas oil prices are continuing to rise.
The third and final legacy contract will be fulfilled at the end of March 2012.
The Group will provide a further update on trading at its Annual General Meeting, to be held on 29 February 2012.
- Ends -
For further information:
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ATH Resources plc
David Port, Executive Chairman Tel: +44 (0) 7836 693798
Alistair Black, Chief Executive Tel: +44 (0) 1302 760 462
www.ath.co.uk
Seymour Pierce Ltd
Sarah Jacobs (Nominated Adviser) Tel: +44 (0) 207 107 8000
Richard Redmayne / Katie Ratner
(Broker)
www.seymourpierce.com
Media enquiries:
Abchurch Joanne Shears / Mark Dixon Tel: +44 (0) 207 398 7729 mark.dixon@abchurch-group.com www.abchurch-group.com
Notes to Editors
ATH Resources was listed on the AIM market of the London Stock Exchange in June 2004 and operates four surface coal mines in Scotland; Skares Road and Netherton in East Ayrshire, Glenmuckloch in Dumfries and Galloway and Muir Dean in Fife. The Group is currently one of the largest producers of coal in the UK providing coal principally to the electricity supply industry and also the industrial and house coal markets. Coal is used to generate around a third of the UK's electricity and the Group holds coal supply contracts with four of the UK's main electricity generating companies.
Further information on ATH Resources can be found at www.ath.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTEANADFFEAEFF
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