Resource companies round-up: ATH, Leyson, Active Energy

ATH Resources, a major UK coal producer, has successfully renegotiated the terms of a second legacy contract, following the one agreed in December.

ATH Resources, a major UK coal producer, has successfully renegotiated the terms of a second legacy contract, following the one agreed in December.

Under the new terms of the contract, effective from January 2nd 2012, there will be an increase in the selling price per tonne, in consideration for additional options being granted over future coal supply beyond the end of the current contract. This increase should assist in alleviating the pressure on the group's margins being caused by the recent fall in the price of coal. The third and final legacy contract will be fulfilled at the end of March 2012. Shares gained 7.69% to 35.00p.

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