ATH Ath Resources

TIDMATH

RNS Number : 0557Y

ATH Resources plc

16 December 2010

 
 Press Release   16 December 2010 
 

ATH Resources plc

("ATH Resources" or "the Group")

New sales contract agreed with EDF Energy

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."

- Ends -

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 
                                                 www.ath.co.uk 
 
 
 Seymour Pierce Ltd 
 Sarah Jacobs / John Cowie (Nominated   Tel: +44 (0) 207 107 8000 
  Adviser) 
 Richard Redmayne / Katie Ratner 
  (Broker) 
                                            www.seymourpierce.com 
 

Media enquiries:

 
 Abchurch 
 Sarah Hollins / Mark Dixon      Tel: +44 (0) 207 398 7729 
 mark.dixon@abchurch-group.com      www.abchurch-group.com 
 

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 one of the largest producers 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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