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Atlantic Coal plc, headquartered in the UK, is a coal production and processing company, focussed predominantly on open cast mining and the processing of high-grade, low emission coal.  Its primary asset is the Stockton Colliery, a union free opencast anthracite mining and processing operation in the Pennsylvania Coal Field, US.  


The Company has a highly experienced team, whose expertise and knowledge is being utilised to position Atlantic Coal as a consolidator in the sector, targeting known coal regions in stable political environments.  In line with this, the Board aims to leverage the revenue generated from Stockton to acquire suitable assets and build its production profile and resource base.


Atlantic Coal is traded on the London Stock Exchange’s Alternative Investment Market (AIM: ATC) and the OTCQX Market (OTCQX: ATCLY).

+44 (0)207 016 8837
43 Old Elvet, Durham DH1 3HN.
Super Sector:
General Mining - Coal
EPIC / Symbols:
*subject to change and depends on individual circumstances.

Atlantic Coal Plc RNS Press Releases

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Atlantic Coal Plc Articles, News, and Media Files

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Atlantic Coal Plc Related Media

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Broker press

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  • 14/03/11
    +0.04 +0.73

    Press: Atlantic Coal rose after signing an option to acquire a 158-acre coal property in Pennsylvania. The board is looking at more prospects... read more

  • 14/01/11

    Press: 14.01.11 :.-6, (1.82) Atlantic Coal lowered to hold at Fox-Davies, target price 1p.

  • 12/11/10
    +0.00 +0.41

    an article in the Mail reports: Atlantic Coal rose 0.03p to 0.42p following house broker Fox Davies Capital recommending the shares and setting a target price of 1.2p.... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
12/12/14 S. Best SELL 32,051,282 ORD 0.13 41,667 21,826,148 0.47
12/12/14 P.J.E. Chinneck BUY 32,051,282 ORD 0.13 41,667 250,051,282 5.36
09/01/14 S. Best BUY 3,730,000 ORD 0.26 9,698 301,399,448 6.46
07/01/14 P.J.E. Chinneck BUY 5,000,000 ORD 0.24 12,000 218,000,000 4.68
07/01/14 S. Best BUY 4,117,583 ORD 0.24 9,882 205,612,882 4.41


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Date Type Turnover Profit EPS (p) Dividend (p) Currency
30/06/14 Interim 9.45 -0.27 -0.01 0.00 USD
31/12/13 Full year 19.66 -1.48 -0.03 0.00 USD
30/06/13 Interim 10.48 2.49 0.06 0.00 USD
31/12/12 Full year 19.66 -2.66 -0.07 0.00 USD
30/06/12 Interim 8.87 -1.37 -0.04 0.00 USD

Presentations & Company Media

Company Statement

The Company’s strategy is to create a significant mid-tier coal company, through the expansion of activities at the Stockton anthracite mine, identifying additional sites in Pennsylvania and building its production and resource profile, by primarily acquiring defined assets in stable and recognised high quality coal regions.


At Stockton, significant investment and restructuring over the previous two years has created a strong platform for growth.  It is the Board’s intention to raise production and profitability of the operation following the restructuring and implementation of new mine plan. In April 2012 a railroad in the southern part of the mine was realigned giving access to over one million tons of previously inaccessible reserves. This, together with the new mine plan and new mine equipment has resulted in a record production of over 160,000 tons in 2012 and the mine is on course to produce 200,000 tons in 2013.

The Board has identified opportunities to expand within the region and is involved in on-going negotiations regarding the acquisition of additional sites in Pennsylvania, with the intention of acting as a regional consolidator in the Pennsylvanian Coal Field.  To this end the Company has exercised a lease option agreement with Reading Anthracite Company, an established operator in Pennsylvania's anthracite coal industry, over the fully permitted 410 acre Pott & Bannon anthracite mining property in New Castle Township, Schuylkill County, Pennsylvania. The intention is to pursue an early route to production at the Property and the Company is currently in the process of producing a detailed mine plan and updated Reserve report, with operations commencing within the next 12 months. Pott & Bannon is envisaged to be a stand-alone project, benefitting from excellent local infrastructure and robust regional demand. 

The Board is also committed to expanding its resource base and production profile through the acquisition of known / established coal exploration and production projects and sees an opportunity to consolidate coal assets in politically stable and established coal regions throughout the world.  To achieve this, the aim is to leverage its production assets at Stockton and utilise its paper to create maximum value for shareholders.

Current Operations

Stockton Colliery


The site, mined at various times from the 1900s, has an abundance of high quality anthracite in close proximity to the surface, making it economical to recover.  The mine has current Proven Reserves of circa 4.4million tons run-of-mine ('ROM') coal, which equates to approximately 1.8 million tons of high quality, high carbon, washed anthracite, giving Stockton a forecasted 11-year mine life.   The Company believes that there is huge potential to increase the reserve base by targeting other high quality anthracite reserves in the vicinity. 


Stockton has good facilities and infrastructure in place including an anthracite preparation plant capable of washing 450,000 tons of ROM coal per annum.  Furthermore, it has good transport links, with state roads and the Norfolk Southern rail line providing nationwide access. 

Mining operations are conducted by Stockton’s union-free staff and operated using its own existing plant and equipment including two large capacity hydraulic excavators and fifteen dumptrucks as well as a range of other mine plant and equipment. The current mine operations are being conducted under a valid mining permit issued by Pennsylvania’s Department of Environmental Protection.  The Stockton Colliery trades through Atlantic Coal’s 100% subsidiary Coal Contractors (1991) Inc.

There is strong demand for Stockton’s coal output from an industrial customer base that uses its output for metallurgical applications and filtration and the domestic home heating market.  The anthracite coal that Stockton yields is of a particularly high quality* and is ranked as a higher energy fuel  compared with other more commonly used coals, like bituminous and lignite, and for this reason a substantial premium can be attached to the washed output from the mine.

Stockton, Excavator Komatsu loading ROM

For further informaton please click here 


Pott & Bannon

Pott & Bannon is located 25 miles from Atlantic Coal's existing producing opencast anthracite operation, the Stockton Colliery and is well positioned in close proximity to major east-coast transportation hubs. Like Stockton, the Pott & Bannon site will mine the high quality Mammoth Seam.

As announced on 3 January 2012, at that time and based on information provided to the Company in a report, commissioned by RAC in January 1999 and prepared by John T. Boyd & Company, the Directors believed that the Property could contain up to 13.6 million tons run-of-mine ("ROM") coal, equating to approximately 4.1Mt of washed, saleable anthracite*. The average strip ratio was estimated to be 3.9 ROM*.

Confirming these resource details will form part of Atlantic Coal's initial preparatory work on the Property and will be updated by a qualified person (as defined within the AIM Rules for Companies).

* There can be no guarantee that these figures remain accurate as at the date of this announcement or that the qualified person's report will reconfirm these numbers and further announcements will be made in this regard at the appropriate time.


For further information please click here 




Adam Wilson, Non-executive Chairman 

Adam Wilson qualified as a barrister before joining NM Rothschild in 1994 as a graduate trainee and later LCF Rothschild where he specialised in equity derivative and structured product sales.  In 1997 he joined Teather & Greenwood where he became Head of Derivatives before joining Hichens Harrison in 2003 where he was appointed Managing Director in October 2004 (now Religare Hichens Harrison plc).  Adam is an associate member of the Institute of Investment Management and Research and a member of the Securities Institute, as well as being a certified FFAS financial analyst.


Stephen Best, Managing Director

Stephen Best has over 25 years experience and an in-depth knowledge of opencast coal mining in the UK and the USA.  He has been involved in the formation of companies specialising in the acquisition of opencast coal mines and property development opportunities.


Dr Peter Chinneck, Non-executive Director 

Dr. Peter Chinneck trained in medicine at the University of Southampton before joining the Royal Medical Army Corps in 1980.  He served as a Regimental Medical Officer reaching the rank of Major before leaving the Army in 1990 to pursue a career in aviation.  He has over 17 years experience as a commercial pilot flying commercial, freighter and air ambulance services.


Edward Nelson, Non-Executive Director

Edward Nelson is a qualified mining engineer and has been involved with a wide range of coal and resource projects throughout his 38 year career. He built his experience of the coal mining sector working for 12 years at British Coal across various locations and subsequently spent four years at Komatsu Ltd, the world's second largest manufacturer of mining equipment. After these positions, Mr. Nelson established EJN Engineering Ltd, a mechanical engineering company focussed on the design and production of bespoke mining and construction equipment. He continues to serve as Managing Director of EJN Engineering and in this role, has worked on a broad range of projects across a number of locations, including Pennsylvania. In tandem with this, he is also the founder and Managing Director of EJN Services Ltd, a recruitment company specialising in the engineering sector which has a range of blue-chip clients including Komatsu and Nissan.

Major Shareholders

Major Shareholders- August 2014


Number of Shares

Percentage Holding

Spring Capital Ltd 266,666,667 5.72%
Brewin 1762 Nominees Ltd 240,000,000 5.15%
Peter John Chinneck 218,000,000 4.68%
Mrs Mary Best 205,612,882 4.41%
Adam Wilson 138,807,070 2.98%
Stephen Best 95,786,566 2.05%

Shares not in public Hands : 1,317,168,935 28.25%  

  • Additional Information
    Share Price
    4,662.54 m
    Mkt Cap
    £6.53 m
  • Contact Information

    Registered Office:

    200 Strand 


    WC2R 1DJ


    Twitter: @AtlanticCoal


    UK Business Address:

    Atlantic Coal plc, 

    43 Old Elvet


    DH1 3HN


    T: +44 (0) 191 386 6392

    Email: enquiries@atlanticcoal.com


    USA Business Address:

    US Stockton Mine:

    100 Hazlebrook Road

    P.O. Box 39, Hazleton, PA 18201 

    T: +1 570 450 5086

    F: +1 570 450 5088

    Email: enquiries@atlanticcoal.com

    Corporate Information

    Nominated Advisor & Broker:

    Allenby Capital Limited

    Claridge House

    Suite 4, 32 Davies Street

    London W1K 4ND


    Auditors and Reporting Accountants:

    Littlejohn LLP

    1 Westferry Circus

    Canary Wharf

    London E14 4HD


    Legal Advisers to the Company in the UK:

    Kerman & Co LLP 

    200 Strand

    London WC2R 1DJ


    Legal Advisers to the Company in the USA: 

    Norris Mclaughlin & Marcus

    721 Route 202-206


    NJ 08807



    Capita Registrars

    The Registry

    34 Beckenham Road 


    Kent BR3 4TU


    Independent Geological Consultant & Competent Person:

    John T. Boyd Company

    1500 Corporate Drive

    Suite 100, Canonsburg, PA, USA


    Financial PR and IR:

    St Brides Media & Finance Ltd

    3 St Michael’s Alley 

    London EC3V 9DS

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