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ATH Resources plc, one of the UKs largest coal producers, advises that it will be announcing its maiden Preliminary Results for the period ended 26 September 2004 on Wednesday 8 December 2004.
An analyst briefing given by David Port (Non-Executive Chairman), Tom Allchurch (Chief Executive) and Richard Croston (Finance Director), will be held at 09.30 am on Wednesday, 8 December 2004 at Abchurch Communications Ltd, 5th Floor, 100 Cannon Street, London, EC4N 6EU.
For further information:
ATH Resources |
|
Tom Allchurch , Chief Executive |
Tel: +44 (0) 1302 760 462 |
Media enquiries:
Abchurch |
|
Henry Harrison-Topham / Justin Heath |
Tel: +44 (0) 20 7398 7702 |
Notes to Editors:
ATH Resources is an AIM-listed operator of opencast coal mines in the UK with its current two operational mines, Skares Road and Garleffan, located near New Cumnock, East Ayrshire in Scotland. The Company is currently the third largest producer of coal in the UK producing approximately 1.6 million tonnes per annum. Coal was used to generate 34.7 per cent of the UK’s electricity in 2003 and the Company 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 addition to the Skares Road and Garleffan mines, the Company 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 36km² 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 under the symbol ATH.L
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