Atlantic Coal, More Coal, More Options

Atlantic Coal: US$35mn option on second PA project

AIM-listed open cast coal producer and processor Atlantic Coal Plc. (LON:ATC) (“Atlantic”) announced Wednesday

 that it will option a second anthracite coal property in Pennsylvania for a grand sum of US$35 million.

The company publically states that given the size of the deal tabled, it effectively amounts to a reverse takeover and as such requires shareholder approval. The company stresses that the deal is by no means absolute—Atlantic is yet to conduct due 

diligence on the property, which will run for a number of months—and the company says that the option announced will 

expire on 31 October.

Estimated to contain reserves of 12 million tons Run of Mine (ROM) at a 3.9 strip ratio with 4.1 million tons of clean coal,

 the 410 acre Pott & Bannon property is situated in New Castle Township, Schuylkill County. It is approximately 25 miles 

away from Atlantic’s flagship Stockton Colliery—an opencast anthracite mining and processing operation in the

 Pennsylvania Coal Field.

The news sent shares in Atlantic up 5.1 per cent in mid-morning London trading, valuing the company at £15.28 million.

Magnolia Petroleum MAGP(AIM) The Next Chesapeake

Acreage Acquisition Drives Growth

Mississippi Lime acreage acquisition enhances development potential

Investment Case  Magnolia has acquired 1,484 net acres in the Mississippi Lime, almost doubling its lease holding in onshore US plays 100% ownership of 800 acres and 83.33% of 480 gross acres moves the company towards a step-change in attributable production It has also acquired minority interests in 284 net acres

UraMin AREVA Deal Cleared of any Wrongdoing

AREVA reports today,(15th Feb 2012) that following an intensive internal review and scrutiny of its purchase of UrAmin in 2007, the Supervisory Board of AREVA find that no wrongdoing took place. Whilst some lessons have been learnt.
The report says, 


"Still, in a long-term perspective, the deposits acquired have a legitimate place in the Group's mining portfolio"


This brings to a conclusion a long running saga that has been the subject of pejorative reporting by a number of journalists who clearly had little or if no knowledge of the mining sector and the international safeguards that exist to ensure major deals of this nature are undertaken in what are environments of strong corporate governance and professional good practice. 

Atlantic Coal (LSE:ATC) Set To Smash Production Target in 2012

Atlantic Coal (LSE:ATC) Set To Smash Production Target in 2012. Keep an eye out for these guys, anthracite the place to be in the US, new machinery has been added and the boys are on a roll.

URU Metals LSE(URU) Breaking News

URU Metals (LSE:URU) SAN JV Nickel Project Team are targeting a 1.4 billion tonne nickel asset at the potential world-class Zebediela SAN Nickel project in South Africa

Daniel Stewart Securities Plc (AIM: DAN) OTCQX Strategy Blazes a Trail

Big fan of Daniel Stewart OTCQX strategy that is helping secure US investor interest in UK Securities. Given the regulatory difficulties in pitching public quoted UK companies  to US investors, OTCQX provides UK listed equities with one of the best ways of getting regulatory approved exposure to US Investors. 


For certain UK companies that are traded on say AIM, and where there have a proposition that would appeal to US Investors, i.e.
Significant M&A potential exists such as  Bio-Tech, certain strategic minerals, rare earths, some tech stocks,,,,,,,,,,,,,,,,,,,,,,,,,,,,then DS are the boys.




Quite like their profile in Asia too where they are well positioned to support some mining plays such as uranium, gold and again rare earths. Check them out.........www.danielstewart.co.uk 

TAIA Lion Resources Set New Standards In Stakeholder Management

TAIA Lion Resources, the fast track developer of the highly prospective Lake Sonfon and Gori Hills gold projects in Sierra Leone set new standards in Stakeholder Management.




One of the focus areas at the recent African Mining INDABA held in Cape Town was the subject of stakeholder management. With many national governments facing tough fiscal challenges, the temptation to increase royalty taxes on the resource sector is increasing. Stakeholder management represents one of the most important ways mining companies can engage in a mutually beneficial dialogue with government  about how best to structure a equitable policy that supports the best interests of government, but at the same time enables the private mining sector to prosper and invest.


TAIA Lion Resources stakeholder management policy is reflected in the role the TAIA Peace Foundation TPF plays as a shareholder of TAIA 

"Taia aspires to be a leader in ethical exploration and mining, creating robust commercial value while establishing the industry standard for corporate, social and environmental responsibility."

 To this end, Taia Peace Foundation was formed in 2007 with a focus on Sierra Leone and with a single aim: to assist rural communities in overcoming the so-called “resource curse”. Taia Peace Foundation (TPF) is Taia’s conduit for social & rural development programs and also provides a tether for local communities to participate in Taia’s value creation.

Through TPF, TAIA is focused on Creating Shared Value (CSV) versus traditional CSR, pursuing development programs that have a joint company and community value proposition. The TPF ensures that TAIA will deliver the highest ethical standards in its operations and will promote economic and social development within their areas of operation through initiatives that will be of widest maximum benefit to our partner communities.

The TAIA Stakeholder Model reflects one of the most advanced forms of stakeholder and CSR management and should be considered as a significant benchmark for other exploration companies / investors.