Less Ads, More Data, More Tools Register for FREE

Pin to quick picksATC Music Group plc Regulatory News (ATC)

Share Price Information for ATC Music Group plc (ATC)

Share Price is delayed by 15 minutes
Get Live Data
167.50    0.00 (0.00%)
Bid:
165.00
Ask:
170.00
Spread: 5.00 (3.03%)
Market Cap: £39.89m
ATC Live PriceLast checked at - London Stock Exchange

Intraday ATC Music Group plc Share Chart

Production Update

18 Apr 2012 12:30

RNS Number : 5953B
Atlantic Coal PLC
18 April 2012
 



Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining

18 April 2012

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

Production Update

 

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce a production update for the three months ended 31 March 2011 from the Stockton Colliery ("Stockton"), its opencast anthracite operation in Pennsylvania.

 

Production at Stockton increased 12% to 31,729 tons of clean coal during Q1 2012 compared to the equivalent period in 2011 (Q1 2011: 28,376). During the period Atlantic removed 715,691 bank cubic yards ("BCY") of overburden (Q1 2011: 658,785). 85,911 tons of run of mine coal was washed (Q1 2011: 62,000). 

 

Demand for Stockton's high quality anthracite remains strong with production from Pennsylvanian anthracite mines struggling to meet demand. As a result there has been a substantial increase in the average sale price of Pennsylvanian anthracite with a Q1 2012 average price of $166.30 per ton compared with a Q1 2011 price of $134.25, an increase of approximately 24%.

 

Production Summary:

 

Run-of-mine washed (tons)

Overburden

Removed (bank cubic yards)

Clean Coal Production

(tons)

Average

Price per ton (US$)

85,911

715,691

31,729

166.30

 

Atlantic Managing Director, Steve Best, said, "I am pleased to report that production at Stockton during the first quarter of 2012 has been steady and that we have experienced an increase in comparison to Q1 2011. As announced earlier today, the railroad diversion is now complete allowing the working of over approximately 1.0 million tons of coal of previously unworkable reserves, which will enable us to increase production at the mine over the coming months."

 

**ENDS**

 

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

 

Steve Best

Atlantic Coal plc

Tel: 020 3328 5670

Nick Naylor 

Allenby Capital Limited

Tel: 020 3328 5656

Mark Connelly

Allenby Capital Limited

Tel: 020 3328 5656

Simon Leathers

Fox-Davies Capital Limited

Tel: 020 3463 5010

Andy Frangos

Cornhill Capital Ltd

Tel: 020 7710 9618

Hugo de Salis

St Brides Media & Finance Ltd

Tel: 020 7236 1177

Elisabeth Cowell

St Brides Media & Finance Ltd

Tel: 020 7236 1177

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFLLSFITLIF
Date   Source Headline
13th Apr 20109:05 amRNSMemorandum of Understanding
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

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.