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



.

Nice tick up here this morning,looks like there could be news on horizon

Glen have you seen this article on atc a few days back ?


http://www.stockopedia.co.uk/content/atlantic-coal-plc-set-for-growth-in-2012-65537/

Latest Developments and News:

The company recently announced completion of a railroad diversion into its Stockton colliery in Pennsylvania,this diversion now gives the group access to one million tonnes of previously unworkable reserves.This means there is now the potential to increase annual production of clean coal to 160,000 tons according to an independent report compiled by Mine Engineers Inc.In calculating this production rate the Mine Engineers Inc assessed both the mine's current operational capacity as well as the positive impact of the new rail line diversion.

The company also confirmed they have acquired options over two prospective anthracite projects and are currently conducting due diligence on those assets. Further updates on these are expected in the near future. It has estimated that there is an additional 10Mt of resource within a 10 mile radius of Stockton and 300Mt within a 30 mile radius.

Further to this was announced a new Liebherr 9250 19-yard bucket hydraulic excavator on order and set to be operational during H2 2012,clear signs that further growth is planned.

To put some numbers to these latest figures and significance to the balance sheet, an annual production of 160.000 tonnes at an average price per tonne of $160 would equate to revenues of $25m per year. Atlantic are certainly on a path of fundamental growth and look like a solid play in the junior resource sector at the moment where its trading at little over its cash value . And with further aquisitions under option currently the company are not looking to stand still . A healthy move into profits is looking likely in 2012 and should see quite a dramatic re-rating of the shareprice.

jazz thanks for that link,had not seen that before

glen you may also want to take a look at proactive investors who have some good
coverage on atc and this article is one of a few recent ones.


http://www.proactiveinvestors.co.uk/companies/news/41651/atlantic-coal-stockton-operations-boosted-by-rail-project-41651.html

Thanks jazz but already seen it lol

We could have a decent week ahead here

glen i just had an early top up but only able to be small amounts so far !

Unusual for a sub penny stock to be so tight

The spot price for coal is soaring.....guys you might have picked a winner here.....

required field,thats what i thought when i saw the coal price graph about a
month ago!

I have bought today as a speculative punt at 0.3p.

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 !...