$3.5 million Liebherr excavator arrives for Atlantic Coal
Created 04/29/2010, 10:59:13 am
Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has announced that the Liebherr R9250 21-yard bucket hydraulic excavator it recently purchased for $3.5 million has arrived at its Stockton Colliery (‘Stockton'). The new excavator will increase production capacity at the Stockton coal mine, which encompasses an area of approximately 900 hectares located in Hazel Creek in north-east Pennsylvania, a region renowned for anthracite.
Increasing production at the Stockton Colliery is a key focus for the Company. The site, mined at various times from the 1900s, has an abundance of high quality anthracite in close proximity to the surface, making it ideal for the Liebherr R9250 to increase production. The equipment was ordered following the implementation of a new mine plan to develop the current reserves of 4.2 million tons run-of-mine (‘ROM') coal, with the intention of raising production levels to 400,000 ROM tons per annum.
Atlantic Coal Managing Director Steve Best said, "In line with our strategy of increasing production at the Stockton Colliery, we purchased the Liebherr excavator and anticipate that it will have a positive impact on our production capacity and help reduce our cost base going forward.
This is a significant step for the Company especially when viewed in conjunction with our recently announced agreement with US coal marketing company Xcoal, which provides a potential buyer for up to half of our annual output, opening up international markets for our anthracite."
Source: Minweb.com
