News Archive

13 October 2005

Appointment of Marketing Director

ATH Resources Plc, one of the UK’s largest coal producers , is pleased to announce that it has recruited James Wilson as Marketing Director of its operating subsidiary Aardvark TMC Limited with effect from 31 October 2005.

James has considerable experience in the preparation and marketing of coal from his time with West of Scotland Fuels Limited and is widely known and respected within the coal industry. He has recently been employed at Network Rail as Senior Route Freight Manager and prior to this at English, Welsh and Scottish Railway (“EWS”) as General Manager of their Coal operations.

James will initially report through the Group Marketing Director, John Hodgson, and will take responsibility for the preparation of the Group's products to satisfy its sales contracts and ultimately the full marketing operation.

Commenting upon the appointment Tom Allchurch (Chief Executive) said “We are delighted to have been able to recruit James as he has the right blend of experience and ability to strengthen the senior management team at ATH.”

For further information:

ATH Resources plc
Tom Allchurch, Chief Executive	Tel: +44 (0) 1302 760 462
tom.allchurch@ath.co.uk	www.ath.co.uk

Media enquiries:

Abchurch
Henry Harrison-Topham / Sarah Hollins	Tel: +44 (0) 20 7398 7700
henry.ht@abchurch-group.com	www.abchurch-group.com

 

Notes to Editors:

ATH Resources plc is an AIM-listed operator of opencast coal mines in the UK with its current three operational mines, Skares Road, Garleffan and Grievehill, located near New Cumnock, East Ayrshire in Scotland. The Group is currently the third largest producer of coal in the UK producing approximately 1.5 million tonnes per annum. Coal was used to generate 32.7 per cent of the UK’s electricity in 2004 and the Group holds coal supply contracts with four of the UK’s main electricity generating companies.

The management team has been in place since 1998. It acquired the rights to operate (and subsequently acquire) the Skares Road mine with support from The Alchemy Plan and Bank of Scotland. Following ATH Resource’s incorporation in October 2003, and backed by a follow on investment from The Alchemy Plan, the Company acquired the Garleffan mine in November 2003.

In June 2005 the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland for £18 million using the £16.8 million raised by way of an Open Offer on the basis of 1 New Ordinary Share for every 3 Existing Ordinary Shares. The acquisition increased the Group’s reserve base by 160% and provided longer term stability to the business.

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.

ATH Resources listed on the AIM market of the London Stock Exchange in June 2004.

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