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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."
For further information:
|ATH Resources plc|
|David Port, Executive Chairman||Tel: +44 (0) 7836 693798|
|Alistair Black, Chief Executive||Tel: +44 (0) 1302 760 462|
|Seymour Pierce Limited|
|Sarah Jacobs / John Cowie (Nominated Adviser)||Tel: +44 (0) 207 107 8000|
|Richard Redmayne / Katie Ratner (Broker)|
|Sarah Hollins / Mark Dixon||Tel: +44 (0) 20 7398 7729|
Notes to Editors
ATH Resources was listed on the AIM market of the London Stock Exchange in June 2004 and operates three surface coal mines in Scotland; Skares Road, in East Ayrshire, Glenmuckloch in Dumfries and Galloway and Muir Dean in Fife. The Group is currently the third largest producer of coal in the UK producing approximately 2 million tonnes per annum. Coal is used to generate around a third of the UK's electricity and the Group holds coal supply contracts with four of the UK's main electricity generating companies.
Further information on ATH Resources can be found at www.ath.co.uk
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