Appointment of Non-executive Director (7524J)
05 July 2011 - 4:00PM
UK Regulatory
TIDMATC
RNS Number : 7524J
Atlantic Coal PLC
05 July 2011
Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining
5 July 2011
Atlantic Coal plc ("Atlantic" or the "Company")
Appointment of Non-executive Director
Atlantic Coal plc, the AIM listed open cast coal production and
processing company with activities in Pennsylvania, USA, is pleased
to announce the appointment of Mr. Edward Nelson to its Board as
Non-Executive Director with immediate effect. Mr. Nelson's
experience in the coal mining and engineering industries will be
beneficial to the Company as it looks to continue to raise
production at its primary asset, the Stockton Anthracite Colliery
in Pennsylvania and fulfil its strategy of increasing its resource
base and portfolio through acquisition.
Mr. 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 ("Komatsu"), the
world's second largest manufacturer of mining equipment. After
these positions, Mr. Nelson established EJN Engineering Ltd ("EJN
Engineering"), 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
("EJN Services"), a recruitment company specialising in the
engineering sector which has a range of blue-chip clients including
Komatsu and Nissan.
Atlantic Managing Director Steve Best said, "Edward has
extensive experience of the mining industry and, having worked with
him for many years, particularly in relation to procurement where
he has effected considerable savings, we are confident that his
technical acumen will be of considerable benefit to Atlantic in his
role as a Non-Executive Director. We are focussed on bolstering our
management team, highlighted by the recent appointment of Barney
Corrigan as Project Development Officer, and on building upon our
strong foundation at Stockton to fulfil our acquisition and growth
strategy."
Regulatory disclosures
Edward Joseph Nelson (aged 54) is or has been a director/partner
of the following companies in the last 5 years:
Current Directorships/Partnerships Past (<last 5 years)
Directorships/Partnerships
EJN Services Ltd EJ Nelson Engineering Limited
EJN Engineering Ltd EJN HR Services LLP
EJN Group Ltd EJN Management Services
LLP
EJN Manufacturing Limited
Save as disclosed above, there are no further disclosures to be
made in relation to Edward Nelson under Schedule Two, paragraph (g)
(i)--(viii) of the AIM Rules for Companies.
**ENDS**
For further information on the Company, visit:
www.atlanticcoal.com or contact:
Steve Best Atlantic Coal plc Tel: 020 3328
5670
Nick Naylor Allenby Capital Tel: 020 3328
Limited 5656
Alex Price Allenby Capital Tel: 020 3328
Limited 5656
Peter Rose FoxDavies Tel: 020 3463
5030
Simon Leathers FoxDavies Tel: 020 3463
5010
Hugo de Salis St Brides Media Tel: 020 7236
& Finance Ltd 1177
Elisabeth St Brides Media Tel: 020 7236
Cowell & Finance Ltd 1177
Notes
Atlantic Coal plc is an AIM listed coal production and
processing company focussed predominantly on open cast mining and
the processing of anthracite coal in Pennsylvania, USA. The
Company's primary asset is the Stockton Colliery, a producing
surface coal mine and adjacent anthracite preparation plant
encompassing an area of approximately 900 hectares located in Hazel
Creek in North-East Pennsylvania, which has current Proven Reserves
of 4.2 million tons run-of-mine coal.
Atlantic's strategy is to create a significant mid-tier coal
company; both through the expansion of activities at Stockton and
identifying additional sites in Pennsylvania to build its
production and resource profile, primarily by acquiring defined
assets in stable, recognised, high quality coal regions. 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. Expansion within the local area has the potential to
minimise upfront deal costs as a result of existing and proven
infrastructure, equipment, facilities and market demand.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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