Atlantic Coal agrees terms with local operator

Atlantic Coal, the AIM-listed Pennsylvania-based coal production and processing company, has announced that the Reading Anthracite Company (RAC), an established operator in Pennsylvania's anthracite coal industry, has approved the lease option agreement over the 410-acre mining property.

Atlantic Coal, the AIM-listed Pennsylvania-based coal production and processing company, has announced that the Reading Anthracite Company (RAC), an established operator in Pennsylvania's anthracite coal industry, has approved the lease option agreement over the 410-acre mining property.

Atlantic Coal has consequently made the $250,000 payment to RAC in order to secure its entry into the lease option.

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