Atrum Coal Limited (ASX:ATU) is a metallurgical coal explorer and developer. The Company has a substantial coal position in British Columbia, Canada which, as a region boasts:
Atrum is developing the world’s largest high grade anthracite deposit at Groundhog, which has a JORC resource of 1.57 billion tonnes of anthracite.
Atrum has formed an unincorporated Joint Venture with Atlantic Carbon Group PLC (“ACG”) to market and sell anthracite from ACG’s operations in north-eastern Pennsylvania, USA. Atrum expects the JV will provide it with greater access and exposure to international anthracite markets while providing cash flow for the development of Groundhog. The company is also exploring coking coal assets in British Columbia and Alberta.
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