Atrum Coal NL (ASX:ATU) is an emerging metallurgical coal explorer and developer. The Company has a substantial coal position in British Columbia, Canada which, as a region boasts:
We are developing the world’s largest high grade anthracite deposit at Groundhog, which has a JORC resource of 1.57 billion tonnes of anthracite. Our Board of Directors and Management Team have a strong track record in identifying and developing world-class coal assets.
Also, 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. The JV plans to sell up to 250,000 tonnes of anthracite by 31 December 2017, with Atrum to receive 60 per cent of the profit from sales and potential for the JV to extend.
Atrum expects the JV will provide it with greater access and exposure to international anthracite markets while providing cash flow for the development of its Groundhog North project.
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