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Archive for the 'ATH Resources' Category

Please support communities opposing opencast in Scotland by participating in this online action: The Scottish Government is currently consulting on new regulation for what they hope will “regulate restoration effectively”. But whilst they consult, Hargreaves are being allowed to mine under even less regulation and oversight than before the collapse of Scottish Coal and ATH […]

This morning, the East Ayrshire Council Cabinet will meet to discuss an initial report into the state of the opencast coal mining industry. The report, published yesterday by the Council, highlights publicly for the first time the scale of failings on the part of Scottish Coal and ATH Resources in fulfilling their obligations both to […]

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The dust hasn’t settled, families are still reeling from the mass redundancies, communities are still trying to work out what the future holds for the massive holes in the ground and it seems that the vultures are circling in the form of Hargreaves Services Plc. Hargreaves are now one of the biggest coal companies in […]

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In a little publicised parliamentary debate earlier this month, SNP MSPs Adam Ingram and Fergus Ewing (Energy Minister) chose sides – and needless to say they chose the mining companies and not the communities who have to put up with them. Adam Ingram, still stuck in the noughties, claimed that Scotland’s several centuries worth of […]

ATH Resources entered administration last week after its spiraling debt was called in by it’s financiers. The financial company responsible for this, Better Capital, have stated that they are ready to invest £15 million in the ATH and the subsidiary that actually does the mining, Aardvark TMC, but at a price. Their money would only […]

Scotlands second largest open cast coal company bit the dust today. ATH Resources, based in Doncaster England but with all it’s mining operations in Scotland, suspended its shares this afternoon, then two hours later called in the administrators. Their financial backer, Jon Moulton’s Better Capital, called in its loans after watching the value of the […]

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Scottish Coal announce yet more redundancies as the smaller of their two shareholders de-lists from the stock market ATH Resources gets restructured and looks for a buy-out Its been a bad couple of weeks for the coal industry in Scotland – both of its big opencast producers, also the two biggest producers in the UK, […]

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ATH Resources is Scotland’s second largest opencast operator with mines in Ayrshire, Dumfires and Galloway and Fife. It has been struggling for some time, but last week its share price was halved after announcing it was in talks with the bank over its loans. ATH have scaled back their current mine plans in an effort […]

News emerged this week about 2 of Scotland’s major coal producing companies highlighting the financial insecurities of an industry struggling to remain viable through the current economic times. Shares in ATH Resources plumited by 42% as it reduced the expected revenues from its Muir Dean open cast coal site by £4 million. Current forecasts put […]

Fife Council has paid out a record £175,000 to the UK’s third largest mining company, after it rejected the application for Muir Dean open cast site near Crossgates in 2006, a decision later overturned by Scottish Ministers. Meanwhile, ATH has been fined £10,000 in Ayrshire for illegally building a road on one of Scotland’s most […]

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Recent News


»Tell the Scottish Government: Opencast moratorium and public inquiry now!
02/17/2014«
»“Deficient” and “Defective”: East Ayrshire Council going down with their ship
02/03/2014«
»The Caudlhall Decision: What next? What happened?
11/28/2013«
»Shame on you Midlothian Council: Cauldhall decision shows lessons haven’t been learned
11/19/2013«
»No opencast in Midlothian! Support campaign to stop massive new mine
11/16/2013«
»“No different to Scottish Coal” say campaigners as Hargreaves bosses pocket £8.75 million
10/27/2013«
»Opencast Mine Clean-up Cost Estimates Double: “Government must act” says community group
09/14/2013«
»¡No Pasaran! Stop the forced eviction of villagers to make way for British-owned mine!
08/27/2013«
»Open letter calls for coal mine moratorium and public inquiry as Energy Minister refuses to meet impacted communities
06/24/2013«
»The restoration bombshell has finally been dropped
05/24/2013«

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