Trading Update (6100K)
July 19 2011 - 2:00AM
UK Regulatory
TIDMATH
RNS Number : 6100K
ATH Resources plc
19 July 2011
Press Release 19 July 2011
ATH Resources plc
("ATH Resources" or the "Group")
Trading Update
ATH Resources plc (AIM:ATH), one of the UK's largest coal
producers, today announces that progress in opening up the Group's
next development, Duncanziemere in East Ayrshire, is on schedule
with excavations due to commence in early August 2011. The Group
also reports that volumes of heat affected coal at Netherton have
declined as operations progress away from the initial excavation
area and the Group has now identified a suitable market for the
majority of the heat affected coal encountered.
Following the recent planning success of Glenmuckloch East in
Dumfries and Galloway last month, the Group's application for an
extension at the Muir Dean site in Fife is due before Fife Planning
Committee in autumn 2011. The Group will update the market on the
result of this application in due course.
Expectations of trading performance for the full year are in
line with the update given in the Interim Results on 14 June
2011.
- 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
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
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