Transaction date: Feb 11
Transaction type: Placing (Co-Broker)
Amount: £12 M
Atlantic Coal plc is a UK based coal mining company with
operating subsidiaries in the USA. The company's shares are traded
on the London Stock Exchange's Alternative Investment Market (AIM)
under the ticker 'ATC.'
Atlantic Coal plc is a trans-Atlantic group focussing on open
cast mining and processing of high-grade anthracitic coal. Atlantic
Coal plc was formed in November 2007 by the reverse take over of
the Stockton Coal Group (a group of US companies and partnerships)
by AIM listed Summit Resources plc.
In particular Atlantic Coal plc specialises in the development
of operating assets and incremental reserves.
Atlantic Coal's first operating mine and anthracite preparation
plant is the Stockton Mine in Pennsylvania USA and the company
intends to expand its coal mining and processing operations on both
sides of the Atlantic.
Atlantic Coal plc is registered in the UK, with its major
trading subsidiaries being the members of the Stockton Coal Group
located in Pennsylvania USA and registered in the USA.
The Stockton Coal Group comprises Coal Contractors (1991) Inc.,
Stockton Anthracite LP and Stockton Anthracite LLC which are held
100% in Atlantic Coal plc's USA 100% owned subsidiary Atlantic Coal
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