ATH16 Dec 2010 07:09
New sales contract agreed with EDF Energy
ATH Resources plc (AIM: ATH), one of the UK's largest coal producers, is pleased to announce that it has secured a new sales contract to supply EDF Energy, one of the UK's largest home and business energy suppliers, for 350,000 tonnes of coal. The coal will be supplied at prices linked to international market indices. Supply will commence immediately and end in December 2012.
Alistair Black, Chief Executive of ATH Resources, said: "This contract is an important development for ATH as it will increase average sales prices at the same time as the Group continues to supply the remainder of its fixed price contracts. The existing fixed price contracts that the Group has in place will start to be phased out from March 2012."