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ATH Resources plc (AIM:ATH.L), one of the UKs largest coal producers, announces that as of todays date the Company has changed its registered office address to the following:
Aardvark House
Sidings Court
Doncaster
DN4 5NU
All telephone and fax numbers remain the same as before.
ATH Resources plc |
|
Tom Allchurch, Chief Executive |
Tel: +44 (0) 1302 760 462 |
Abchurch |
|
Henry Harrison-Topham / Sarah Hollins |
Tel: +44 (0) 20 7398 7700 |
Notes to Editors:
ATH Resources plc is an AIM-listed operator of opencast coal mines in the UK with its current three operational mines, Skares Road, Garleffan and Grievehill, located near New Cumnock, East Ayrshire in Scotland. The Group is currently the third largest producer of coal in the UK producing approximately 1.5 million tonnes per annum. Coal was used to generate 32.7 per cent of the UK’s electricity in 2004 and the Group 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 and Bank of Scotland. Following ATH Resource’s incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003.
In June 2005 the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland for £18 million using the £16.8 million raised by way of an Open Offer on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares. 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 Group 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.
ATH Resources listed on the AIM market of the London Stock Exchange in June 2004.
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