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US-focused AIM-listed miner Atlantic Coal increased coal sales in 2011 despite experiencing mechanical problems at the Stockton Colliery, its open-cast anthracite operation in Pennsylvania. During the year the firm sold 106,403 tons of coal compared to 97,349 tons the previous year, with a rise in
Read moreAtlantic Coal, the AIM-listed Pennsylvania-based coal production and processing company, has announced that the Reading Anthracite Company (RAC), an established operator in Pennsylvania's anthracite coal industry, has approved the lease option agreement over the 410-acre mining property. Atlantic
Read moreUS focused aim listed miner Atlantic Coal rallied after it signed an option on a new US anthracite property that could more than double its anthracite reserves. The lease option with Pennsylvania based Reading Anthracite is for a permitted 410 acre site in the Pennsylvanian Anthracitic Belt, 25 mil
Read moreDespite a return to gross profit, coal miner Atlantic Coal has continued to make a pre-tax loss, according to its unaudited half year results. Although the company made a gross profit of $843,106 and turnover was up from $4.8m to $7.5m, the company made a $1.05m loss before tax, though that was a
Read morePennsylvania-based coal miner Atlantic Coal has agreed to make an upfront cash payment of $2.1m to Mayford for the interest and penalty interest accrued on a loan note, which was initially issued to General Electric Capital Corp (GECC). This deal will discharge in full all of Atlantic Coal's liabi
Read moreAIM listed Pennsylvania based coal mining outfit Atlantic Coal has today published its results for the 2010 calendar year. During the period under review the company's revenues grew by 18.5%, to $10.72m, but its cost of goods sold grew by far more, by 74%, to $12.7m. The above discrepancy resulted
Read moreLondon closed near to its low for the day as a decline on Wall Street dragged the market lower later in the day and there were concerns about the possible effects of the Japanese earthquake on financial markets and global economies. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick o
Read moreLondon's blue chips have turned lower again following falls on Wall Street as traders continue to mull the possible effects of the Japanese earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggrek
Read moreLondon's blue chips have turned lower again as investors await the US markets' reaction to Japan's devastating earthquake. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its service
Read moreAIM-quoted Pennsylvanian coal miner Atlantic Coal has obtained an option to acquire a nearby anthracite mining property in Pennsylvania. The property has 1m tons of coal silt and 2.5m tons of subsurface coal rserves recoverable by open cast mining. There are also 12m tons of colliery spoil expecte
Read moreMining stocks are shoring up the Footsie but the blue-chip index is still in the red, despite the price of oil ebbing. Miners Rio Tinto, Xstrata, African Barrick and ENRC are the pick of the mining sector. Also going well is temporary power solutions provider Aggreko, which may find its services c
Read morePennsylvania-focused coal miner Atlantic Coal has secured an option to buy a 158 acre anthracite mining property in Pennsylvania. Based on information provided to the company, the directors believe that the asset could consist of up to 12m tons of colliery spoil, estimated to contain 10-15% of reco
Read morePennsylvania-focused coal miner Atlantic Coal has raised £12m gross from investors that include the Blackrock Smaller Companies Fund. The shares are being placed at 0.75p a share and this represents a 70% increase on the existing share capital. Directors and their wives are subscribing for 46.67m o
Read morePotash explorer Sirius Minerals' new finance director Andrew Lindsay has invested £99,000 in the company following his appointment. Lindsay was appointed on the same day that Sirius announced its acquisition of York Potash. He was previously finance director of AIM-quoted European Nickel. He has
Read moreSurveillance and security technology supplier Quadnetics Group has acquired battlefield technology specialist Persides Technology for £260,000. The acquisition of Persides, an existing partner to Quadnetics' defence business, is expected to enable the group to retain greater margins on sales of it
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