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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 Jan 2020 to Jan 2025
TIDMATH
RNS Number : 9878D
ATH Resources plc
24 May 2012
24 May 2012
ATH Resources plc
("The Company")
Trading Update
ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, today announces that following a further fall in the International price of coal, it has taken a decision to defer commencement of the planned Glenmuckloch Eastern extension. Whilst demand for coal generally remains strong, international coal prices have fallen significantly over the past nine months and in particular over the past few months. The Board will review the investment case to either proceed or begin final restoration of the current site towards the end of this calendar year. The deferment will have little impact on production levels in the current financial year but, if ultimately a decision was made not to proceed with the site at all, volumes would be reduced by approximately 500,000 tonnes in total over the subsequent two years.
Reduced coal prices also continue to impact on the Company's margins and this will result in further reductions to the Board's expectations of trading performance. The Company will update the market more fully on the impact of the continuing fall in the International price of coal, together with any mitigating actions it is taking in its Interim statement scheduled for release in late June.
-ENDS-
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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 / Stewart Dickson (Nominated
Adviser)
Richard Redmayne / Katie Ratner (Broker) Tel: +44 (0) 207 107 8000
www.seymourpierce.com
Media enquiries:
Hudson Sandler
Andrew Leach / Charlie Jack / Katie Tel: +44 (0) 207 796 4133
Matthews
kmatthews@hudsonsandler.com
www.hudsonsandler.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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