ATH Ath Resources

TIDMATH

RNS Number : 0850U

ATH Resources plc

16 December 2011

 
 Press Release   16 December 2011 
 

ATH Resources plc

("ATH Resources" or the "Group")

Re. Legacy Contracts

ATH Resources plc (AIM: ATH), one of the UK's largest coal producers, announces that the Group has successfully renegotiated the terms of one of its legacy contracts. Under the new terms of the contract, there will be an increase in the selling price for higher quality coal which will enhance both earnings and cash for the Group from when the new contract terms apply on 2 January 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 (Nominated Adviser)   Tel: +44 (0) 207 107 8000 
 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 four surface coal mines in Scotland; Netherton and Duncanziemere 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 providing coal principally to the electricity supply industry and also the industrial and house coal markets. 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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