Atlantic Coal acquires equipment to aid expansion

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has announced that it has ordered six Komatsu Model HD785-7 100 ton haul trucks and two CAT D9 dozers.

This equipment purchase is expected to enable the Company to continue to increase the run-of-mine (“ROM”) production profile at its Stockton Colliery, a producing opencast anthracite operation in Pennsylvania (“Stockton”). The purchase of the equipment is to be funded through a lease purchase agreement at a total cost of $8.5m over six years.

Atlantic Managing Director, Steve Best, said, “We anticipate that the acquisition of the new equipment will assist with our operational efficiency and enable us to meet our production goals for the immediate future. This should allow us to increase our production of ROM coal to the wash plant and maximise the circa 1.8* million tons defined anthracite reserves at Stockton.”

“We look forward to providing further updates on our progress at Stockton and our Pott and Bannon project, together with our wider strategy to increase our presence in the US anthracite industry, at the appropriate time.”

*As announced on 11 June 2013. The revised estimate is subject to completion of drilling to
confirm the extent of prior by-passed coal on the south wall of the mine and development of an updated mine plan for recovery of remaining coal

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