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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 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMATH
RNS Number : 6162O
ATH Resources plc
21 September 2011
Press Release 21 September 2011
ATH Resources plc
("ATH Resources" or the "Group")
Planning approval received for an extension to existing site at Muir Dean
ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, is pleased to announce that its application to mine 0.35 million tonnes of coal reserves from the Annfield extension has been approved by the local planning authority in Fife. As anticipated in planning processes of this nature, a number of matters are still to be concluded prior to the start of work at the mine, which is scheduled to commence production towards the end of 2011.
The Annfield mine is an extension to ATH's existing operation at Muir Dean which is expected to finish production in 2012.
Alistair Black, Chief Executive of ATH Resources, said: "This planning approval provides continued employment for 70 direct employees in the area and is an important contributor to the future of the ATH business as well as the local economy in this part of Fife."
- Ends -
For further information:
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 / John Cowie (Nominated Tel: +44 (0) 207 107 8000 Adviser) Richard Redmayne / Katie Ratner (Broker) www.seymourpierce.com
Media enquiries:
Abchurch Mark Dixon / Quincy Allan 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
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