Company Description

Coal International Plc is an Aim-Listed coal mining and investment company. Admitted to the AIM exchange in April 2005, the company has grown through the acquisition of coal properties which it has placed into operation and through investments in other coal producers. All of the Company’s operating properties are located in West Virginia, USA in the Central Appalachian coal region.

Atlantic Development and Capital

  • 100% owned subsidiary, conducts mining operations through its Atlantic Leaseco, Maple Coal and Deepgreen West Virginia operating subsidiaries.
  • Atlantic Leaseco currently operates the Crooked Run Surface Mine and Silo Mains underground mine as well as the Gauley Eagle coal preparation plant
  • The company also purchases and washes third party coals and sells into both the thermal and metallurgical coal markets.
  • ADC also operates the Deepgreen West Virginia coal recovery operation.
  • Maple Coal Company operates two operating units in the Eagle No. 1 underground mine and the Katie coal preparation plant, producing high quality metallurgical coal

Operations

The West Virginia operating properties commenced first production in March 2006 and produced approximately 1.1 million short tons of coal in the fiscal year ended 30 June, 2007. The company continues to ramp up production at both the Atlantic Leaseco and Maple Coal properties which have significant potential to support an expanded operating base.

Other Investments

  • Energybuild Group – Coal International also has a significant investment (23.7%) in Energybuild Group, a small producer of anthracite in Wales, U.K. which is in the process of developing a larger underground mine to exploit a significant resource of anthracite coal. The mine is located near important thermal and industrial customers. Cambrian Mining Plc, (which owns 34% of Coal International) owns an additional 27% of Energybuild Holdings, giving the two companies effective control of EBH.
  • Northern Energy & Mining Inc (“NEMI”) – Coal International holds a 20.1 per cent. interest in NEMI, a Vancouver based coal investment company. NEMI’s principal asset is a 20 per cent. stake in the Peace River Coal Joint Venture, managed by Anglo Coal Canada (“Anglo”) (60 per cent.), which operates the Trend coal mine in northeastern British Columbia, Canada and other development projects in the region. The principal asset of the Peace River Coal Joint Venture is a 50 per cent. stake in the Belcourt-Saxon Joint Venture with Western Canadian Coal (50 per cent.), which is advancing a major new metallurgical coal project through the permitting and feasibility stage.

Page last updated April 28 2008 07:14:40

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