Atlantic Coal will supply Xcoal with up to 150,000 tonnes of anthracite

US miner, Atlantic Coal (LON:ATC) , has signed a strategic agreement to supply Xcoal Energy & Resources with up to 150,000 tons of anthracite per year from its Stockton mine.

The coal production and processing company, focussed predominantly on open cast mining and the processing of high-grade, low emission coal revealed that both parties have agreed to evaluate opportunities for Xcoal's potential participation in funding the expansion of both the Stockton Mine and additional mining opportunities. Stockton, a union free opencast anthracite mining and processing operation in the Pennsylvania Coal Field, in Atlantic's principle asset. Atlantic Coal Managing Director Steve Best commented: 

"With Xcoal indicating that it will look to take up to half of our targeted annual run-of-mine production of coal, the positive impact on sales and the resulting cash flow is clearly evident. Xcoal's participation in the future of Stockton fits well with our long term development plans, particularly given its international reach and we believe that the relationship will be highly beneficial for the future of the Company."