LONDON (Alliance News) - Antracite coal miner Atlantic Coal PLC on Tuesday said it has received a 37% increase in the reserve base for the Stockton mine in the US state of Pennsylvania.
Wardell Armstrong International Ltd, a mining consultancy, estimated the reserve at 2.2 million tonnes as of the end of December, compared to the 1.6 million estimate a year earlier.
Atlantic Coal said it thinks the additional reserves could increase the life of the mine by a further three years.
"We are pleased to announce this increase in Stockton's reserve base and subsequent expected mine life extension of three years," said Atlantic Coal Managing Director Steve Best.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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