Profile

ATH Resources is an AIM-listed operator of opencast coal mines and land remediation projects. It has four mines in production in East Ayrshire and Dumfries and Galloway and one major reclamation project in Yorkshire. The Company is the third largest producer of coal in the UK producing over 2 million tonnes per annum. Coal was used to generate 38 per cent of the UKs electricity in 2006 and the Company holds coal supply contracts with three of the UKs main electricity generating companies.

The Group commenced operations in 1998 when it acquired the rights to operate (and subsequently acquire) the Skares Road mine. The Garleffan mine was acquired in November 2003 and ATH Resources became a public company in June 2004 when it listed on the Alternative Investment Market (AIM). In June 2005 the Group funded two new opencast sites, Grievehill and Glenmuckloch in Scotland for 18 million by way of an Open Offer to shareholders. The acquisition increased the Groups coal reserve base by 160% and provided greater diversity to the business.

In May 2006 the Group acquired Doncaster-based A Ogden & Sons Limited a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. ATH paid net 9.5 million for the business. The acquisition, recently renamed ATH Regeneration Ltd allows ATH to build on its skills as a regenerator of land, whilst developing strong relationships with key English planning authorities.

In October 2006, following a successful planning application the Group commenced work on its new Laigh Glenmuir opencast coal mine in East Ayrshire.

In addition to its operating mines, the Group also has a number of other coal mining projects in Scotland and two through its French subsidiary, SRMMC including a series of six existing coal concessions in south-central France, covering an area of 36km, 2 with an estimated resource of approximately 4.5 million tonnes of recoverable coal.