ATH Resources up 12% on contract win
ATH Resources, the Scotland-focused coal mining company, says it has "successfully renegotiated" the terms of one of its key contracts.
ATH Resources, the Scotland-focused coal mining company, says it has "successfully renegotiated" the terms of one of its key contracts.
Without disclosing the other party, ATH says "there will be an increase in the selling price for higher quality coal which will enhance both earnings and cash".
The new agreement will kick in on 2 January 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
ATH, which is listed on the AIM exchange, operates four surface mines in Scotland and supplies coal to four of the UK's main electricity companies.
News of the deal has seen ATH shares climb 12% in morning trading to hit 38p. In the year to date, however, the stock is down 46%.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Watch out for fake Steven Bartlett video – you could lose thousands
Scammers are trying to tap into the Trump tariffs chaos, but knowing what to look out for could save you thousands of pounds, says Kalpana Fitzpatrick
By Kalpana Fitzpatrick
-
Can Donald Trump fire Jay Powell – and what do his threats mean for investors?
Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to fire him mean for markets and investors?
By Katie Williams