Coal Supply Agreement with Hargreaves Services Plc


 

TIDMEBG TIDMHSP 
 
RNS Number : 6922M 
Energybuild Group PLC 
28 May 2010 
 

        Energybuild Group Plc / Index: AIM / Ticker: EBG / Sector: Mining 
28 May 2010 
              Energybuild Group Plc ('Energybuild' or 'the Group') 
               Coal Supply Agreement with Hargreaves Services Plc 
 
Energybuild Group Plc, the Welsh producer of deep mined premium anthracite coal 
and surface mined coal, is pleased to announce that following the voluntary 
liquidation of Evans & Reid Coal Company Limited ('Evans & Reid'), Energybuild 
has signed a three year supply contract, with the option for Energybuild to 
extend for a further two years, with Coal4Energy Limited ('Coal4Energy') a 
wholly owned subsidiary of Hargreaves Services Plc ('Hargreaves Services'), to 
purchase Energybuild's sized products at substantially similar prices.  The 
Group does not anticipate any financial losses as a result of the liquidation of 
Evans & Reid. 
 
Energybuild Managing Director Rhidian Davies said, "Through Coal4Energy we will 
have far reaching access for the supply and distribution of coal products, not 
only throughout the UK, but also into Europe through Hargreaves' European 
distribution network.  Whilst we are disappointed for the employees and 
shareholders of Evans & Reid, we are very pleased to have reached agreement with 
Hargreaves Services and we look forward to working with them going forward." 
 
                                  * * ENDS * * 
 
For further information please visit www.energybuild.co.uk  or contact: 
 
+-------------+--------------------------+---------------------+ 
| Rhidian     | Energybuild Group Plc    | Tel: 01639 722 400  | 
| Davies      |                          |                     | 
+-------------+--------------------------+---------------------+ 
| James Steel | Arbuthnot Securities     | Tel: 020 7012 2000  | 
+-------------+--------------------------+---------------------+ 
| Hugo de     | St Brides Media &        | Tel: 020 7236 1177  | 
| Salis       | Finance Ltd              |                     | 
+-------------+--------------------------+---------------------+ 
| Paul Youens | St Brides Media &        | Tel: 020 7236 1177  | 
|             | Finance Ltd              |                     | 
+-------------+--------------------------+---------------------+ 
 
Notes: 
 
Energybuild Group Plcis an AIM listed developer and producer of Welsh anthracite 
and surface mined coal.  The Company is presently developing the Aberpergwm Mine 
and adjoining underground anthracite coal reserves and resources located in the 
Neath and Dulais Valleys of South Wales.  The mine has a proven and probable 
coal reserve of 6.8 million tonnes and estimated recoverable inferred coal 
resource of 36.9 million tonnes.  Energybuild also operates the nearby Nant y 
Mynydd and Forest Quarry surface opencast coal and stone mining areas and has 
identified further possible opencast sites within the Aberpergwm Surface Lease 
for potential development. 
Western Coal is a producer of high quality metallurgical coal from mines in 
northeast British Columbia (Canada) and high quality metallurgical coal and 
compliant thermal coal from mines located in West Virginia (USA).  Western Coal 
also owns approximately 55% of Energybuild Group Plc (EBG: AIM) which produces 
high quality anthracite and metallurgical coal in South Wales (UK).  The company 
is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock 
exchanges under the symbol "WTN". More information can be found at 
www.westerncoal.com. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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