TIDMATC

RNS Number : 5953B

Atlantic Coal PLC

18 April 2012

Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining

18 April 2012

Atlantic Coal plc ("Atlantic" or the "Company")

Production Update

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce a production update for the three months ended 31 March 2011 from the Stockton Colliery ("Stockton"), its opencast anthracite operation in Pennsylvania.

Production at Stockton increased 12% to 31,729 tons of clean coal during Q1 2012 compared to the equivalent period in 2011 (Q1 2011: 28,376). During the period Atlantic removed 715,691 bank cubic yards ("BCY") of overburden (Q1 2011: 658,785). 85,911 tons of run of mine coal was washed (Q1 2011: 62,000).

Demand for Stockton's high quality anthracite remains strong with production from Pennsylvanian anthracite mines struggling to meet demand. As a result there has been a substantial increase in the average sale price of Pennsylvanian anthracite with a Q1 2012 average price of $166.30 per ton compared with a Q1 2011 price of $134.25, an increase of approximately 24%.

Production Summary:

 
 Run-of-mine washed (tons)           Overburden            Clean Coal Production         Average 
                              Removed (bank cubic yards)           (tons)           Price per ton (US$) 
          85,911                       715,691                    31,729                  166.30

Atlantic Managing Director, Steve Best, said, "I am pleased to report that production at Stockton during the first quarter of 2012 has been steady and that we have experienced an increase in comparison to Q1 2011. As announced earlier today, the railroad diversion is now complete allowing the working of over approximately 1.0 million tons of coal of previously unworkable reserves, which will enable us to increase production at the mine over the coming months."

**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 Limited      Tel: 020 3328 5656 
 Mark Connelly      Allenby Capital Limited      Tel: 020 3328 5656 
 Simon Leathers     Fox-Davies Capital Limited   Tel: 020 3463 5010 
 Andy Frangos       Cornhill Capital Ltd         Tel: 020 7710 9618 
 Hugo de Salis      St Brides Media & Finance    Tel: 020 7236 1177 
                     Ltd 
 Elisabeth Cowell   St Brides Media & Finance    Tel: 020 7236 1177 
                     Ltd

This information is provided by RNS

The company news service from the London Stock Exchange

END

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