Delays Drag Down ATH
June 11, 2008
ATH Resources, the coal mining company with most of its operations in Scotland, suffered an 85 per cent fall in six-month profits to GBP 400,000, as a result of planning delays at two mines.
The company said a sharp rise in prices and strong production in the second half meant the company should still full-year meet market expectations.
ATH said it was now producing from both the opencast Muir Dean mine, near Dunfermline, and the Grievehill mine, in Ayrshire.
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