Appointment of Project Development Officer (4474I)
June 15 2011 - 1:00AM
UK Regulatory
TIDMATC
RNS Number : 4474I
Atlantic Coal PLC
15 June 2011
Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining
15 June 2011
Atlantic Coal plc ("Atlantic" or the "Company")
Appointment of Project Development Officer
Atlantic Coal plc, the AIM listed open cast coal production and
processing company with activities in Pennsylvania, USA, is pleased
to announce the appointment of Mr. Barney Corrigan to its
management team as Project Development Officer with immediate
effect. Mr. Corrigan, who is experienced in the minerals and waste
planning industry, will assist in the identification, evaluation,
acquisition and development of coal sites both in the USA and
potentially the UK, to increase the Company's project portfolio,
resource base and production profile.
Mr. Corrigan has over 30 years experience in the resource
industry, specialising in all aspects of mineral and waste
planning. Most recently he was head of BHP Develop, the planning
and design division of Blackett Hart & Pratt LLP, prior to
which he was a Planning Manager with Dickinson Dees Law Firm and
Planning and Development Manager for Andrew Golightly Limited. In
the latter role, he was responsible for planning feasibility
studies for surface mine sites, the preparation and submission of
planning applications and environmental assessments and project
management of the whole planning application process. As a
consultant, he has helped in similar areas for a number of
operators in the mining sector including the Banks Group, Coal
Contractors, Hall Construction Services Ltd, Hutchinson Mining,
Carmarthen Mining, Ward Brothers Mining, Draeth Developments,
Euromining, Thompsons of Prudhoe and Owen Pugh.
Atlantic Managing Director Steve Best said, "This is good news
for us as we look to develop the Company into a significant coal
producer. Barney is a well known figure in the mineral planning
industry and his experience of evaluating projects will be
beneficial to Atlantic as we focus on identifying value accretive
coal assets.
"The Anthracitic Coal Belt in Pennsylvania remains a priority
for us and we continue to assess a number of opportunities which we
believe have the potential to complement our producing coal mine at
Stockton. Barney will provide valuable input into this process and
with him we intend to rapidly advance a number of
opportunities."
**ENDS**
For further information on the Company, visit:
www.atlanticcoal.com or contact:
Steve Best Atlantic Coal plc Tel: 020 3328 5670
Nick Naylor Allenby Capital Limited Tel: 020 3328 5656
Alex Price Allenby Capital Limited Tel: 020 3328 5656
Peter Rose FoxDavies Tel: 020 3463 5030
Simon Leathers FoxDavies Tel: 020 3463 5010
Hugo de Salis St Brides Media & Finance Tel: 020 7236 1177
Ltd
Elisabeth Cowell St Brides Media & Finance Tel: 020 7236 1177
Ltd
Notes
Atlantic Coal plc is an AIM listed coal production and
processing company focussed predominantly on open cast mining and
the processing of anthracite coal in Pennsylvania, USA. The
Company's primary asset is the Stockton Colliery, a producing
surface coal mine and adjacent anthracite preparation plant
encompassing an area of approximately 900 hectares located in Hazel
Creek in North-East Pennsylvania, which has current Proven Reserves
of 4.2 million tons run-of-mine coal.
Atlantic's strategy is to create a significant mid-tier coal
company; both through the expansion of activities at Stockton and
identifying additional sites in Pennsylvania to build its
production and resource profile, primarily by acquiring defined
assets in stable, recognised, high quality coal regions. The Board
has identified opportunities to expand within the region and is
involved in ongoing negotiations regarding adjacent sites, with the
intention of acting as a regional consolidator in the Pennsylvanian
Coal Field. Expansion within the local area has the potential to
minimise upfront deal costs as a result of existing and proven
infrastructure, equipment, facilities and market demand.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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