Profil
Atlantic Coal plc, mit Sitz im UK, ist ein Kohle-Produktions-und-Verarbeitungsunternehmen. Es konzentriert sich hauptsächlich auf den Tagebau und die Verarbeitung von der hochgradigen, emissionsarmen Kohle. Die Hauptliegenschaft ist das "Stockton Colliery" im Pennsylvania Kohle-Feld, USA.
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Unternehmensstrategie und – daten:
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, open up additional reserves on-site, which should extend the initial 10 year mine life from existing proven reserves, and increase production to 400,000 tonnes per annum.
The Board has identified opportunities to expand within the region and is involved in ongoing negotiations regarding adjacent sites, with the intention of acting as a regional consolidator in the Pennsylvanian Coal Field. The Company is currently negotiating the recovery of reserves from other landowners on a royalty basis with 10 million tonnes probable additional reserves within 10 miles radius, and 300 million tonnes further probable reserves within 30 miles of Stockton. Expansion within the local area has the potential to minimise upfront costs as the infrastructure, equipment and facilities already exist and are proven.
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.
Aktuelle Tätigkeiten:
Stockton Colliery
The Stockton Colliery comprises a producing surface coal mine and adjacent anthracite preparation plant encompassing an area of approximately 900ha located in Hazle Creek in North-East Pennsylvania, a region renowned for anthracite.
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 4.2 million tons run-of-mine (‘ROM’) coal, which equates to approximately 2.1 million tons of high quality, high carbon, washed anthracite, giving Stockton a forecasted 10-year mine life. The Company believes that there is huge potential to increase the resource base, either by exploring the current deposit to depth or by broadening the range and targeting areas in the vicinity. Further drilling is therefore planned.
Stockton has good facilities and infrastructure in place including a anthracite preparation plant capable of washing 300,000 tons of coal per annum as well as a 21-yard bucket hydraulic excavator. Furthermore, it has good transport links, with state roads and the Norfolk and 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. 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 the domestic home heating market and a non-seasonal industrial customer base that uses its output for filtration and metallurgical treatments. The anthracite coal that Stockton yields is ranked as a higher energy fuel (containing over 86% carbon) than other more commonly used coals, like bituminous and lignite, and for this reason a premium can be attached to the washed output from the mine. (READ MORE)
Management
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.
Hauptaktionäre
|
# |
£ |
|
|
Total Shares on issue |
1,927,596,350 |
1,349,317 |
Major Shareholders - October 2010
|
Shareholder |
Number of Shares |
Percentage Holding |
| Ms Mary Best | 194,828,633 | 10.11% |
| Peter John Chinneck | 181,000,000 | 9.39% |
| Adam Wilson | 148,733,000 | 7.72% |
| Clive Richards | 125,000,000 | 6.48% |
| Rochas Holdings Limited | 75,984,117 | 3.94% |
| Glinbay Finance Limited | 75,000,000 | 3.89% |
| American Investments Limited | 73,960,418 | 3.84% |
| BlackRock | 69,010,000 | 3.58% |
| Greta Emmerson | 64,521,014 | 3.35% |
| George Houghton | 60,533,000 | 3.14% |
| Jennifer Houghton | 59,196,962 | 3.07% |
Shares not in public Hands : 1,219,823,710 63.28%
Notes:
1. Stephen Best, who is the Managing Director of the Company, is the spouse of Mary Catherine Best, and a Director of American Investments Limited and Willoughby (465) Limited
2. The Company does not hold any ordinary shares in Treasury
3. The Company is listed on the AIM market of the London Stock Exchange
(Updated from Atlantic Coal's website on 16th December 2010)
Kontakt
Registered Office:
Northern House
Woodsome Park
Fenay Bridge
Huddersfield
HD8 0GA
Company Secretary:
Gregory Kuenzel, gk@atlanticcoal.com
UK Business Address:
Atlantic Coal plc, Claridge House,
32 Davies Street, London, W1K 4ND
T: +44 (0)203 328 5670
F: +44 (0)845 611 8312
Email: enquiries@atlanticcoal.com
USA Business Address:
US Stockton Mine:
100 Stockton no.7 Road
P.O. Box 39, Hazleton, PA 18201
T: +1 570 450 5086
F: +1 570 450 5088
Email: enquiries@atlanticcoal.com
Unternehmensinformationen
Nominated Adviser:
Allenby Capital Limited
Claridge House
Suite 4, 32 Davies Street
London W1K 4ND
Broker:
Fox-Davies Capital
Whitefriars House
6 Carmelite Street
London, EC4Y 0BS
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
Bridgewater
NJ 08807
Registrars:
Capita Registrars
The Registry
34 Beckenham Road
Beckenham
Kent BR3 4TU
Independent Geolocial Consultant & Competent Person:
John T. Boyd Company
1500 Corporate Drive
Suite 100, Canonsburg, PA, USA
Financial PR and IR:
St Brides Media & Finance Ltd
Chaucer House
38 Bow Lane
London
EC4M 9AY
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