Atlantic Coal plc, headquartered in the UK, is a coal production and processing company, focussed predominantly on open cast mining and the processing of high-grade, low emission coal. Its primary asset is the Stockton Colliery, a union free opencast anthracite mining and processing operation in the Pennsylvania Coal Field, USA.

The Company has a highly experienced team, whose expertise and knowledge is being utilised to position Atlantic Coal as a consolidator in the sector, targeting known coal regions in stable political environments. In line with this, the Board aims to leverage the revenue generated from Stockton to acquire suitable assets and build its production profile and resource base.

Stockton Colliery



The Stockton Colliery comprises a producing surface coal mine and adjacent anthracite preparation plant encompassing an area of approximately 900ha located in Hazle Creek in North-East Pennsylvania, a region renowned for anthracite.

The site, mined at various times from the 1900s, has an abundance of high quality anthracite in close proximity to the surface, making it economical to recover. The mine has current Proven Reserves of 3.2 million tons run-of-mine ('ROM') coal, which equates to approximately 1.7 million tons of high quality, high carbon, washed anthracite, giving Stockton a forecasted 8-year mine life. The Company believes that there is huge potential to increase the resource base, either by exploring the current deposit to depth or by broadening the range and targeting areas in the vicinity.

Stockton has good facilities and infrastructure in place including a anthracite preparation plant capable of washing 300,000 tons of coal per annum as well as a 21-yard bucket hydraulic excavator. Furthermore, it has good transport links, with state roads and the Norfolk and Southern rail line providing nationwide access.

Mining operations are conducted by Stockton’s union-free staff and operated using its own existing plant and equipment. The current mine operations are being conducted under a valid mining permit issued by Pennsylvania’s Department of Environmental Protection. The Stockton Colliery trades through Atlantic Coal’s 100% subsidiary Coal Contractors (1991) Inc.

There is strong demand for Stockton’s coal output from the domestic home heating market and a non-seasonal industrial customer base that uses its output for filtration and metallurgical treatments. The anthracite coal that Stockton yields is ranked as a higher energy fuel (containing over 86% carbon) than other more commonly used coals, like bituminous and lignite, and for this reason a premium can be attached to the washed output from the mine.

Fox Davies Flash Note:

http://www.fox-davies.com/flash

Company News:

http://www.atlanticcoal.com/News.html



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Spot price of coal rising could be good for Atlantic coal.

Top riser this morning.

Starting to perk up......

Quite a rise......hoping for it to keep going for a change...

Nice to see that.

Would be great to get back to 1.5p.

Sp has not reacted well, but if they were not acquiring new leases the figures would look better and production is doubling !....one to watch...

I agree there rf.

Atlantic coal looking incredibly cheap according to comments made by a mining expert with US Anthracite prices heading to possibly $183 per ton due to global events.

Remarkable turnaround !.......in profit at last and looks like this next 6 months should be even better !...

blimey rf where you been.....long holiday.,.

No holiday unfortunately Balerboy !......just not much to say really....been watching...reading the blogs....the market cap here is tiny....into profit and in good shape by the look of it.....I reckon it should perform in the run-up to the new year !...

Hmmm - starting to look interesting!

Yep,
It's encouraging at last!

Lots of buy for past two days, but the price is not moving north