ATH Resources, which runs five surface mines in Scotland, said it will cut production after plunging into the red in the first half when coal prices tumbled on international markets.
ATH Resources, which runs five surface mines in Scotland, said it will cut production after plunging into the red in the first half when coal prices tumbled on international markets.
STANCE: Alistair Black says that the company will rein in its resources in a response to disappointing financial figures in recent times.
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MARK WILLIAMSON
The company made a £3.9 million loss before exceptionals in the six months to April 1 compared with a £1.7m profit in the same period of the preceding year as falling coal prices and a surge in the cost of gas oil weighed on the bottom line.
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