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Further Trading Update

8 Oct 2015 07:00

RNS Number : 6007B
Atlantic Coal PLC
08 October 2015
 

Atlantic Coal plc ("Atlantic Coal" or the "Company")

Further trading update for the nine months ended 30 September 2015

 

Further to the trading update announced by the Company on 1 October 2015, the Board of Atlantic Coal, the AIM listed anthracite coal mining company operating in Pennsylvania, USA is pleased to announce that its unaudited turnover for the nine months ended 30 September 2015 has increased by circa 26% to approximately $17.8 million. Unaudited turnover for the nine months ended 30 September 2014 was approximately $14.1 million.

At the current time Atlantic Coal is experiencing a number of positive factors, such as:

i. continuing high levels of production and sales for both clean coal and run of mine coal;

ii. healthy level of inventory going into the high demand winter period;

iii. increasing sales prices as from 12 October by $10/ton on clean coal; and

iv. increasing efficiencies in production and transport.

The trading performance to the end of September 2015 and the above factors gives the Board of Atlantic Coal confidence that the Company's turnover for the second half of the current year will at least match the first half's turnover.

Commenting, Atlantic Coal's Managing Director Steve Best said:

"I am pleased to report an excellent increase in turnover for the nine months to 30 September 2015, reflecting our impressive year-on-year increase in production and sales, as reported on 1st October 2015. Compared with the same period in 2014 we have increased turnover by over $3.7 million, an increase of circa 26%. This amount is only just short of the total turnover for 2014 of US$18.4 million and we therefore look forward to exceeding our 2014 revenues in 2015. Going forward, we intend to include estimates of the Company's unaudited turnover within our quarterly updates".

Atlantic Coal owns and operates the Stockton anthracite mine ("Stockton"), located near Hazleton, Pennsylvania.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

Steve Best

Atlantic Coal plc

Tel: 0191 386 6392

Nick Naylor 

Allenby Capital Limited

Tel: 020 3328 5656

John Depasquale

Allenby Capital Limited

Tel: 020 3328 5656

Alex Brearley

Allenby Capital Limited

Tel: 020 3328 5656

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTEAXEXESFSFFF
Date   Source Headline
26th Feb 201012:00 pmRNSTotal Voting Rights
26th Feb 20107:00 amRNSNew Corporate Website
19th Feb 20101:30 pmRNSHolding(s) in Company
18th Feb 201012:31 pmRNSTermination of discussions with MCC
11th Feb 201010:30 amRNSIssue of Equity
9th Feb 20107:00 amRNSIssue of Equity
21st Jan 20107:00 amRNSTermination and Settlement of Supply Agreement
11th Dec 20097:00 amRNSHoldings in Company
7th Dec 20097:00 amRNSProposed acquisition of US coal company
12th Nov 20097:00 amRNSTrading Statement
3rd Nov 20099:28 amRNSIssue of Secured Loan Note
23rd Oct 20097:00 amRNSHolding(s) in Company
20th Oct 20099:19 amRNSTermination of offer discussions
20th Oct 20099:00 amRNSEnd of talks and termination of Offer Period
19th Oct 200911:55 amRNSRule 8.1- Atlantic Coal Plc - Replacement
19th Oct 200911:27 amRNSRule 8.1 - Atlantic Coal Plc
2nd Oct 20096:18 pmRNSRule 8.1 - Atlantic Coal Plc
30th Sep 20097:00 amRNSInterim Results
1st Sep 20092:00 pmRNSIssue of Secured Loan Note & Warrants
28th Aug 200912:30 pmRNSTotal Voting Rights
14th Aug 200910:35 amRNSRule 8.1- Atlantic Coal Plc
14th Aug 20097:00 amRNSChange of Name of Nominated Adviser and Broker
13th Aug 20094:56 pmRNSHolding(s) in Company
13th Aug 200911:30 amRNSRule 2.10 Announcement
12th Aug 200912:39 pmRNSRule 8.1- Atlantic Coal Plc
11th Aug 200912:30 pmRNSRe - Acquisition of Strategic Natural Resources
11th Aug 20098:52 amRNSPossible Offer and Acquisition of SNR Shares
10th Aug 20095:20 pmRNSFurther Re Acqn of Interest in Strategic
10th Aug 20092:35 pmRNSAcqn of Interest in Strategic Natural Resources
10th Aug 20097:00 amRNSRaises GBP 280,000 through Placing
31st Jul 20093:05 pmRNSExercise of Warrants and Issue of Equity
24th Jul 200910:11 amRNSResult of AGM
30th Jun 200910:56 amRNSPosting of Report and Accounts
30th Jun 20097:00 amRNSPreliminary Results
23rd Jun 20099:08 amRNSOperations Update and Directorate Changes
29th May 20098:00 amRNSTotal Voting Rights
27th May 20099:09 amRNSHolding(s) in Company
1st May 20093:59 pmRNSIssue of Equity
30th Apr 20094:11 pmRNSRaises ?500,000 to further develop US Coal mine
6th Apr 20097:01 amRNSChange of Adviser
3rd Apr 20099:42 amRNSDirector/PDMR Shareholding
18th Feb 20098:00 amRNSOperations Update
5th Feb 20098:00 amRNSHolding(s) in Company
4th Feb 20093:22 pmRNSDirector/PDMR Shareholding
16th Jan 20094:45 pmRNSHolding(s) in Company
12th Jan 20098:00 amRNSHolding(s) in Company
8th Jan 20098:00 amRNSTotal Voting Rights
3rd Dec 20087:00 amRNSBoard Appointment, Share Subscription and Options
23rd Oct 20086:18 pmRNSHolding(s) in Company - Replacement
23rd Oct 20085:31 pmRNSDirector Declaration

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