Atlantic Coal PLC New rail loading facility (0174W)
14 Août 2015 - 8:00AM
UK Regulatory
TIDMATC
RNS Number : 0174W
Atlantic Coal PLC
14 August 2015
Atlantic Coal plc ("Atlantic Coal")
New rail loading facility at Stockton Mine
Atlantic Coal, the AIM listed anthracite coal mining company
operating in Pennsylvania, USA, is pleased to announce the opening
of its new rail loading facility at its Stockton Mine. Atlantic
Coal owns and operates the Stockton Anthracite Mine ("Stockton")
which is located near Hazleton, Pennsylvania.
Atlantic Coal, in partnership with the Reading, Blue Mountain
and Northern Railroad ("RBMNR"), has constructed a new rail loading
facility at the eastern end of its Stockton mining property. This
became operational on 11 August with the despatch of anthracite to
a steel industry customer in Indiana and a sugar processing company
in Idaho, 680 miles and 2,400 miles respectively from Stockton
Mine.
Despatch of anthracite to customers in 100 tons capacity
railcars compared with 20 tons capacity road trucks and no longer
having to use third party rail loading facilities provides both a
more efficient service to customers and reduced loading and
transport costs.
Atlantic Coal's Managing Director Steve Best said: "From signing
our agreement with RBMNR in June, our new rail loading facility
became operational in only two months, an excellent achievement by
our Stockton workforce and RBMNR. This facility now provides us
with a significant commercial advantage in supplying our increased
production of anthracite to customers across the US and potentially
to Canada and to East Coast ports for export."
**ENDS**
For further information on the Company, visit:
www.atlanticcoal.com or contact:
Steve Best Atlantic Coal plc Tel: 0191 386 6392
Nick Naylor Allenby Capital Limited Tel: 020 3328 5656
Alex Price Allenby Capital Limited Tel: 020 3328 5656
This information is provided by RNS
The company news service from the London Stock Exchange
END
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