LONDON (Alliance News) - Coal miner Atlantic Coal PLC Friday said it has ordered new heavy trucks and bulldozers, purchases it hopes will further increase output at its Stockton Colliery in Pennsylvania.
In a statement, the company said it has ordered six Komatsu Model HD785-7 100 ton haul trucks and two CAT D9 bulldozers through a lease purchase agreement that will cost it USD8.5 million over six years.
"We anticipate that the acquisition of the new equipment will assist with our operational efficiency and enable us to meet our production goals for the immediate future," Managing Director Steve Best said.
"This should allow us to increase our production of run-of-mine coal to the wash plant and maximise the circa 1.8 million tons defined anthracite reserves at Stockton," he added.
Atlantic Coal shares were down 2.6% at 0.185 pence Friday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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