Atlantic Coal ATC.LN Shares Advance 6% on Raft of Good News

Atlantic Coal ATC.LN the producer of high quality in-demand anthracite from their Stockton Colliery Pennsylvania USA, see their Shares Advance 6% on raft of good news released today.
With production up by 12% the last quarter, the railroad by-pass now unlocking new reserves and a major acquisition strategy involving debt finance, not dilution, ATC is the place to be.

The market wants producers.........and ATC are producing

Production Production at Stockton increased 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%. Acquisitions Will be funded via adept finance Improvements / Infrastructure / Operations Completion of the Norfolk and Southern Railroad Diversion allowing the working of over approximately 1.0 million tons ("Mt") of coal of previously unworkable reserves ·    An independent mining report highlights that, with the diversion complete,  production  of 160,000 tons of clean coal per annum is achievable in 2012 ·    Existing equipment provides sufficient capacity to achieve production targets at Stockton - delivery of the second Liebherr excavator now expected in H2 2012