RNS Number:6992D
ATH Resources plc
12 September 2007



Press Release                                                  12 September 2007


                               ATH Resources plc

                        ("ATH Resources" or "the Group")

                               Directorate Change



ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, announces
that John Hodgson, Group Marketing Director is to retire from the Board at the
end of October 2007.  John will continue as a Director of Aardvark TMC Limited
("Aardvark"), the Group's subsidiary operating company, focussing exclusively on
his specialist area of added value domestic and industrial coal sales and
marketing on a part-time basis.

John joined the Group on inception in 1998 as Group Marketing Director and has
been instrumental in establishing the Group's excellent reputation for providing
high quality products into all of its markets.

It is not intended that John will be replaced on the Board in the short-term.
Jim Wilson as Marketing Director of Aardvark will take some additional
responsibilities for coal marketing.

Commenting on John's departure from the Board of ATH, Chief Executive Tom
Allchurch said: "We would like to thank John for all of his commitment and
dedication to the business.  The Group looks forward to continuing to benefit
from his considerable industry experience in his new role.   I am enormously
grateful to him for his efforts over the last nine years and in particular for
the courage and example he has shown in the last three years during serious
illness.   We wish him all the very best in his semi-retirement."



                                    - Ends -



For further information:
ATH Resources plc
Tom Allchurch, Chief Executive                         Tel: +44 (0) 1302 760 462
tom@ath.co.uk                                                      www.ath.co.uk

Seymour Pierce
Nicola Marrin                                          Tel: +44 (0) 20 7107 8000
nicolamarrin@seymourpierce.com


Media enquiries:
Abchurch
Sarah Hollins / Georgina Bonham                        Tel: +44 (0) 20 7398 7715
georgina.bonham@abchurch-group.com                        www.abchurch-group.com





Notes to Editors

ATH Resources is an AIM-listed operator of opencast coal mines in the UK with
its current four operational mines, Skares Road, Grievehill, Glenmuckloch and
Laigh Glenmuir in East Ayrshire in Scotland.  The Company is currently the third
largest producer of coal in the UK producing approximately 2.1 million tonnes
per annum.  Coal was used to generate 38 per cent of the UK's electricity in
2006 and the Company holds coal supply contracts with four of the UK's main
electricity generating companies.

The management team has been in place since 1998.  It acquired the rights to
operate (and subsequently acquire) the Skares Road mine with support from The
Alchemy Plan. Following ATH Resources' incorporation in October 2003, and backed
by a follow on investment from The Alchemy Plan, the Company acquired the
Garleffan mine in November 2003. Garleffan is currently being restored having
finished coaling in June 2006. ATH Resources listed on the AIM market of the
London Stock Exchange in June 2004.



In June 2005, having raised #18 million by way of an Open Offer, the Group
acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The
acquisition increased the Group's reserve base by 160% and provided longer term
stability to the business.

In addition to its operating mines, the Company also has a number of other coal
mining projects in Scotland and two through its French subsidiary, SRMMC
including a series of six existing coal concessions in south-central France,
covering an area of 36km, 2 with an estimated resource of approximately 4.5
million tonnes of recoverable coal.

In May 2006, the Group acquired Doncaster-based A Ogden & Sons Limited,
subsequently rebranded ATH Regeneration Ltd, a successful coal recovery, land
remediation and regeneration business with a particular focus on colliery spoil
heap reclamation projects.  ATH paid net #9.5 million for the business.  The
acquisition, which was earnings enhancing, allowed ATH to build on its skills as
a regenerator of land, whilst developing strong relationships with key English
planning authorities.  The Company has been successfully integrated into the
Group. The operational diversification that the acquisition brings to the Group
will be a significant driver of ATH's organic growth going forward.

For the year ending 1 October 2006, the Group achieved turnover of #54.1
million, an increase of 38% on its 2005 year end, while EBITDA was up 68% to
#19.2 million for the same period.


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

BOAUAAWRBBRKAAR
ATH Resources (LSE:ATH)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more ATH Resources Charts.
ATH Resources (LSE:ATH)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more ATH Resources Charts.