04/01/11
Atlantic Coal received a boost as it revealed that investment giant Blackrock has reversed its stance on the AIM-listed digger with assets in Pennsylvania. It was announced this morning that Blackrock will buy 75 million new shares in the company at a price of 0.4p, raising its stake from 3.47 per cent to 7.24 per cent.
23/12/10
It has been a busy and eventful year for the company and CEO Steve Best as he has dealt with a series of obstacles and legacy issues. The new year looks set for some good strategic progress as the Stockton mine in Pennsylvanie is taking advantage of strong demand for coal.
23/04/10
UK-headquartered Atlantic Coal aims to consolidate the niche US anthracite industry around its profitable 4 million ton coal mine in Pennsylvania.
07/12/09
The company said the acquisition was part of its strategy to expand its asset base and production by leveraging cash flow from the producing Stockton Coal Mine in Pennsylvania.
