Atlantic Coal ATC.LN Production Soars from Huge Demand Increase for Clean Anthracite

Atlantic Coal plc, London's leading listed coal producer, released last week a fantastic production update that got the market very excited about ATC'S Stockton Colliery Anthracite operation, located in Pennsylvania's massive anthracite coal district.

For the three months ended 31 March 2011 Stockton increased production by 12% to 31,729 tons of clean coal during Q1 2012 compared to the equivalent period in 2011 (Q1 2011: 28,376).

During the period Atlantic removed 715,691 bank cubic yards (“BCY”) of overburden (Q1 2011: 658,785). 85,911 tons of run of mine coal was washed (Q1 2011: 62,000).


Demand for Stockton’s high quality anthracite remains strong with production from Pennsylvanian anthracite mines struggling to meet demand.


As a result there has been a substantial increase in the average sale price of Pennsylvanian anthracite with a Q1 2012 average price of $166.30 per ton compared with a

Q1 2011 price of $134.25,

an increase of approximately 24%.


Atlantic Managing Director, Steve Best, said, “I am pleased to report that production at Stockton during the first quarter of 2012 has been steady and that we have experienced an increase in comparison to Q1 2011. As announced earlier today, the railroad diversion is now complete allowing the working of over approximately 1.0 million tons of coal of previously unworkable reserves, which will enable us to increase production at the mine over the coming months.”