News Archive

20 January 2010

Result of AGM

ATH Resources plc (AIM:ATH), one of the UK's largest coal producers, today held its Annual General Meeting in Leeds at 11am. 

All resolutions put to shareholders before the Annual General Meeting were duly passed.

For further information:

Notes to Editors

ATH Resources was listed on the AIM market of the London Stock Exchange in June 2004 and operates five surface coal mines in Scotland; Skares Road, Grievehill and Laigh Glenmuir 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 now holds coal supply contracts with four of the UK's main electricity generating companies.

In June 2005, having raised £18 million by way of an Open Offer, the Group acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The acquisition increased the Group's reserve base by 160%. 

In May 2006, the Group acquired ATH Regeneration a successful coal recovery, land remediation and regeneration business with a particular focus on colliery spoil heap reclamation projects. The acquisition, which was earnings enhancing, allowed ATH Resources to build on its skills as a regenerator of land, whilst developing strong relationships with key English planning authorities. The company has been successfully integrated into the Group. The operational diversification that the acquisition brings to the Group will be a significant driver of ATH's organic growth going forward both in the UK and overseas and the business is actively pursuing a number of projects in Australia.

For the 53 week period ended 4 October 2009, the Group achieved turnover of £77.5 million and generated an operating profit of £8.6 million.

Further information on ATH Resources can be found at www.ath.co.uk