INVESTORS in open-cast coal miner ATH Resources have been warned their shares may be worthless and around 300 employees in Scotland face an uncertain future after the company was put up for sale.
INVESTORS in open-cast coal miner ATH Resources have been warned their shares may be worthless and around 300 employees in Scotland face an uncertain future after the company was put up for sale.
at the helm: ATH Resources chief executive Alistair Black said accountants Deloitte have been appointed.
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TIM SHARP CITY EDITOR
Meanwhile, workers at Scottish Coal, owned by Scottish Resources Group, have been asked to take a 10% pay cut and prepare for job losses.
Loss-making ATH, which has mines in Ayrshire, Fife and Dumfries & Galloway, has been struggling with a fall in global coal prices accompanied by a rise in its fuel costs.
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