ATC Atlantic Coal

TIDMATC

RNS Number : 3405H

Atlantic Coal PLC

13 March 2015

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

13(th) March 2015

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

Purchase of New Equipment in Partnership with Komatsu

Atlantic Coal plc, the AIM listed opencast anthracite coal production and processing company with activities in Pennsylvania, USA, is pleased to announce that following the delivery to its Stockton Mine of the Komatsu Model PC3000 hydraulic excavator it has now ordered an additional ten items of heavy mining plant from Midlantic, the wholly owned subsidiary of Komatsu Inc, the world's second largest manufacturer of heavy plant. This equipment purchase is expected to enable the Company to continue to increase production at its Stockton Mine, a producing opencast anthracite operation in Pennsylvania ("Stockton"). The purchase of the full complement of new Komatsu equipment is to be funded through an asset backed lease purchase agreement at a total cost of $20 million over six years.

The equipment, and its use at the mine, includes:

-- Four Komatsu Model HD785-7 100 ton haul trucks (to add to the six trucks purchased in 2014) - hauling overburden;

   --    Two Komatsu Model  HM400-3 articulated haul trucks - hauling run of mine coal; 
   --    One Komatsu Model PC490LC-10 hydraulic excavator - excavating run of mine coal; 
   --    Two Komatsu Model D275AX-SEO dozers - general dozing for excavation and reclamation; and 

-- One Komatsu Model WA500-7 wheel loader - loading run of mine to wash plant and anthracite product.

Tim Reilly, North America Territory Manager of Midlantic said "We are delighted that Komatsu are now in an effective partnership with Atlantic at Stockton and also look forward to putting together equipment and finance packages for new Atlantic mines and developments."

Atlantic Managing Director, Steve Best, said, "We anticipate that the acquisition of the new equipment will assist with our operational efficiency and enable us to meet our production goals for the immediate future. The new plant will be utilised across the full range of our mine operations at Stockton and comes at an opportune time as we move into an area of high quality reserve of virgin coal. We are also pleased to continue our relationship with Midlantic and Komatsu as we move towards Komatsu as our exclusive equipment supplier for Stockton and potential future developments.

We look forward to updating you on both Atlantic and Stockton Mine progress."

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best    Atlantic Coal plc         Tel: 0191 386 6392 
 Nick Naylor   Allenby Capital Limited   Tel: 020 3328 5656 
 Alex Price    Allenby Capital Limited   Tel: 020 3328 5656 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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